Fed keeps interest rates steady at 4.25-4.5%, watching inflation and job market closely.

The Federal Reserve decided to keep interest rates unchanged at 4.25-4.5%, citing a strong labor market and persistent inflation above its 2% target. The Fed's statement removed language about progress toward the inflation goal, indicating caution about cutting rates too quickly. With inflation still elevated and unemployment low, the Fed will closely monitor economic data before making future rate adjustments. Investors expect potential rate cuts by June.

2 months ago
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