Published 25 days ago • loading... • Updated 23 days ago

Fed holds rates steady, takes less confident view on inflation

The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50%, signaling a cautious approach amidst inflation concerns and uncertainty over President Donald Trump's policies.
Federal Reserve Chair Jerome Powell stated that inflation "remains somewhat elevated" and emphasized the need for more data before making further rate cuts.
The unemployment rate has stabilized at a low 4.1%, and the Fed noted that the job market is "solid" despite ongoing inflation challenges.
Kathy Bostjancic, chief economist at Nationwide Financial, indicated that the Fed is unlikely to cut rates again until mid-2025, as they await clearer economic indicators.

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