US EditionFed holds key rate steady, still sees two more cuts this year
- The U.S. Federal Reserve held its key interest rate steady at 4.25%-4.50% on Wednesday, marking the fourth consecutive pause in rate changes.
- This decision followed President Trump’s repeated calls for rate cuts and ongoing uncertainty about the impact of tariffs and economic outlook.
- Fed officials projected two quarter-point rate cuts this year but lowered GDP growth to 1.4% and forecast inflation to rise to 3% by year-end 2025.
- A Fed statement noted economic activity remains solid despite uncertainty, while Trump criticized Powell as “stupid” for not cutting rates sooner.
- The Fed’s decision suggests policymakers remain cautious amid global tensions and tariffs, balancing inflation control with economic stability concerns.
270 Articles
270 Articles
Should You Open a 6-Month CD Before Interest Rates Drop?
Top 6-month CDs are still paying around 4.00% APY as of right now. But that may not last much longer. In its June meeting, the Federal Reserve held interest rates steady, with the next policy decision expected in late July.Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today - enjoy peace of mind with competitive rates. Still, many banks have already started q…
Despite President Trump's demands, Fed holds the key interest rate stable. Currently, it is between 4.25 and 4.5 percent. A forecast shows lower economic growth and higher inflation.
Federal Reserve Once Again Holds Rates Steady Despite Pressure From Trump
by Ireland Owens at CDN - The Federal Reserve announced Wednesday in its fourth meeting of 2025 that it would continue to hold interest rates steady. The Fed’s decision to maintain its target range at 4.25% to 4.5% met economists’ expectations. The central bank similarly decided to hold interest rates steady in its previous three meetings of 2025. President Donald Trump … Click to read the rest HERE-> Federal Reserve Once Again Holds Rates Stead…
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