Fed holds rates steady, hitting pause after series of cuts
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
Fed Chair Jerome Powell says, “We do not need to be in a hurry to adjust our policy stance.” ...
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and ...
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the ...
The dollar edged higher ahead of the Fed meeting, and XTB said while the central bank could defy expectations by sounding less cautious about the pace of future rate cuts, any dollar falls were likely ...
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on ...
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