Fed holds rates steady, takes less confident view on inflation
- The Federal Reserve kept its benchmark interest rate unchanged after three cuts last year, reflecting a cautious approach to inflation and economic policies under President Donald Trump.
- Federal Reserve Chair Jerome Powell stated that inflation "remains somewhat elevated" and acknowledged uncertainty about the impact of Trump's policies on the economy.
- The Fed's unemployment rate is low at 4.1%, and economic growth was over 3% last fall, but officials are waiting for more data before making further rate cuts.
- Goldman Sachs economists predict that any rate cuts will not occur until June and December, as the Fed aims to assess inflation and job market conditions before acting.
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Coverage Details
Total News Sources0
Leaning Left37Leaning Right32Center46Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 32%
C 40%
R 28%
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