Fed holds rates steady, takes less confident view on inflation
- The Federal Reserve held its benchmark interest rate steady after cutting it three times last year, indicating a cautious approach as it assesses inflation and President Donald Trump's policies.
- Federal Reserve Chair Jerome Powell stated that inflation remains somewhat elevated and that the job market is solid, with an unemployment rate of 4.1%.
- The Fed's decision to maintain the interest rate between 4.25% and 4.50% reflects uncertainty about inflation's future path and the impact of Trump's proposed policies.
- Economists believe the Fed may not cut rates again until mid-2025, as they await further data on inflation and employment.
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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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