Fed holds rates steady, takes less confident view on inflation
- The Federal Reserve kept its benchmark interest rate unchanged after three cuts last year, indicating a cautious approach to inflation and economic policies under President Donald Trump.
- Federal Reserve Chair Jerome Powell stated inflation is "somewhat elevated" and emphasized the need for more data before considering further rate cuts.
- The unemployment rate remains low at 4.1%, with hiring rebounding, but the Fed is uncertain about the impact of Trump's proposed policies on the economy.
- Economists predict that the Fed will not cut rates again until at least June, as they await progress on inflation and labor market conditions.
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Coverage Details
Total News Sources0
Leaning Left37Leaning Right33Center47Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 32%
C 40%
R 28%
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