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Fed keeps interest rates steady after three consecutive rate cuts
Federal Reserve holds rates at 3.50%-3.75% citing inflation above 2% target and solid growth despite political pressure and dissent from two governors.
- 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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US Federal Reserve Fed keeps interest rates at the same level – and it should stay that way for a longer time. Although President Trump is annoyed, some companies and their shareholders are pleased.
·Germany
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The US Federal Reserve decided to leave interest rates unchanged on Wednesday, as central bank Chairman Jerome Powell said the economy is strong and risks to inflation and employment have diminished. This could indicate that interest rates will not be cut anytime soon, meaning that borrowing costs for Americans will not fall.
·Estonia
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The President of the Federal Reserve promised not to be intimidated by Donald Trump, who wants to have a very flexible monetary policy.
·Montreal, Canada
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Total News Sources382
Leaning Left47Leaning Right39Center153Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 20%
C 64%
R 16%
Factuality
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