Fed holds rates steady, hitting pause after series of cuts
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
President Donald Trump has found a fight that he does not want to pick after backlash to his sweeping freeze on federal aid ...
Chairman Jerome Powell said the central bank is in wait-and-see mode amid mostly positive U.S. economic conditions.
Powell said the Fed is working to align its workforce policies with Trump but signaled that changes could be limited.
President Donald Trump has begun his second administration with a series of controversial moves and decisions.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Usually, housing is very sensitive to Fed rate changes. But the last few cuts have actually corresponded with mortgage rate ...
The Federal Reserve left interest rates unchanged Wednesday as it began a new wait-and-see policy stance amid a cloudy ...
A trade war that raises prices would be much more complicated for the central bank than it was during Trump’s first term.
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