Fed holds interest rates steady, taking a pause from rate cuts to assess the economy
Headline from Delaware Public Media
The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
Delaware Public Media's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
After weighing a slightly lower unemployment rate with small increases in inflation in December, the Federal Reserve on Wednesday decided to leave its key overnight lending rate untouched. That decision follows the three cuts the Fed made last year, for a total of six cuts since September 2024.
The Federal Reserve left interest rates unchanged at its January meeting after cutting rates at its three prior meetings amid uncertainty over the labor market and inflation.
The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
Federal Reserve policymakers are expected to hold interest rates steady at 3.5% to 3.75% when the FOMC concludes its meeting Wednesday, marking the first pause since summer.
The US Federal Reserve is broadly expected to pause its series of interest rate cuts Wednesday, resisting mounting attacks from President Donald Trump,
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