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The Fed Didn't Budge on Interest Rates. Here's Why That's a Big Deal

  • The Federal Reserve announced it will leave interest rates unchanged as inflation remains above its 2% target.
  • The latest CNBC Fed survey indicates expectations for only two rate cuts later in the year.
  • Average mortgage rates are just above 7%, and federal student loan rates have increased to 6.53% for the 2024-25 academic year.
  • President Donald Trump stated that high interest rates are 'destroying our country' and called for immediate rate cuts.
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Bias Distribution

  • 45% of the sources lean Right
45% Right
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