Fed holds rates steady, takes less confident view on inflation
- The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50%, signaling a cautious approach amidst inflation concerns and uncertainty over President Donald Trump's policies.
- Federal Reserve Chair Jerome Powell stated that inflation "remains somewhat elevated" and emphasized the need for more data before making further rate cuts.
- The unemployment rate has stabilized at a low 4.1%, and the Fed noted that the job market is "solid" despite ongoing inflation challenges.
- Kathy Bostjancic, chief economist at Nationwide Financial, indicated that the Fed is unlikely to cut rates again until mid-2025, as they await clearer economic indicators.
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Coverage Details
Total News Sources0
Leaning Left37Leaning Right34Center48Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 31%
C 40%
R 29%
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