Federal Reserve holds interest rates steady, still sees two cuts coming this year
- The Federal Reserve kept its benchmark interest rate at 4.25-4.50% for the second consecutive time, matching market expectations according to the CME FedWatch Tool, which had a 99% probability for this decision.
- Fed officials expect two rate cuts later this year despite uncertainties, as indicated by the Fed's post-meeting statement acknowledging heightened economic uncertainty.
- Economic forecasts were revised downward, predicting 1.7% GDP growth for 2025 and an increase in the unemployment rate to 4.4%.
- Tariffs introduced by the Trump administration may lower after-tax incomes by 1.7-2.2%, and previous tariffs cost American households $300-$600 annually.
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431 Articles
431 Articles
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Left
53
Center
125
Right
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Trump presses Federal Reserve to cut rates
(The Hill) -- President Donald Trump again pressed the Federal Reserve to cut interbank lending rates as the administration's sweeping tariffs are set to resume next month. “The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy. Do the right thing,” Trump wrote Tuesday night in a post on Truth Social. “April 2nd is Liberation Day in America!!!” The central bank announced earlier We…
Coverage Details
Total News Sources431
Leaning Left53Leaning Right39Center125Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 24%
C 58%
R 18%
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