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Fed keeps interest rates steady after three consecutive rate cuts
The Federal Reserve paused after three rate cuts last year, citing inflation at 2.7% and a 4.4% unemployment rate as signs of economic stability, officials said.
- 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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The Federal Reserve (FED) decided to maintain current interest rates. After three consecutive casualties, the organization led by Jerome Powell voted not to change the rates the tension with the Trump administration continues to escalate.Read more
Coverage Details
Total News Sources352
Leaning Left44Leaning Right38Center141Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 20%
C 63%
R 17%
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