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Fed keeps interest rates steady after three consecutive rate cuts
- On Wednesday, the Federal Reserve left its policy interest rate unchanged at about 3.6%, with the Federal Open Market Committee voting 10-2 to keep the target range between 3.50 per cent and 3.75 per cent.
- Policymakers cited solid growth and signs of job-market stabilisation, but inflation remains stubbornly above the Fed's two per cent target, prompting caution before further cuts this year.
- Governors Stephen Miran and Christopher Waller registered dissents, each preferring a quarter-percentage-point reduction; Miran, recently appointed by President Donald Trump, had pushed for half-point cuts before.
- Borrowers face unchanged borrowing costs for mortgages, car loans and businesses after the Fed's decision, and the decision is expected to prompt fresh criticism from President Donald Trump.
- Most economists expect two cuts this year, with markets eyeing June, while attention focuses on who will succeed Jerome Powell, Federal Reserve Chair, when his term ends in May.
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·Montreal, Canada
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Koco News5+9 Reposted by 9 other sources
Federal Reserve holds interest rates steady amid political scrutiny
The Federal Reserve kept rates unchanged amid political pressure and criticism from Trump, while the administration promoted new government-backed savings accounts for children.
·Oklahoma City, United States
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The Federal Reserve (FED) decided to maintain current interest rates. After three consecutive casualties, the organization led by Jerome Powell voted not to change the rates the tension with the Trump administration continues to escalate.Read more
Coverage Details
Total News Sources364
Leaning Left44Leaning Right39Center145Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 19%
C 64%
R 17%
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