US EditionFed 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.
185 Articles
185 Articles
The President of the Federal Reserve promised not to be intimidated by Donald Trump, who wants to have a very flexible monetary policy.
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
The central bank's decision is also politically sensitive, as Trump wants to see lower interest rates and stronger growth ahead of the midterm elections.
2nd LD Writethru: U.S. Fed keeps interest rate unchanged at 3.5-3.75 pct
WASHINGTON, Jan. 28 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept the target range for the federal funds interest rate unchanged at 3.5 percent to 3.75 percent at its first policy meeting of 2026. Read full story
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