central banks | Economy | energy prices | federal funds | FOMC | inflation
US Fed holds rates steady
Officials split on whether they will rise, remain steady or be cut this year.
Auto Added by WPeMatico
Officials split on whether they will rise, remain steady or be cut this year.
Still projects one rate cut in 2026.
Economic data remains mixed: unemployment has risen to 4.4%, while inflation continues to sit above the 2% target.
Decision supported by slower job gains and moderate economic growth, though inflation remains above Fed’s 2% target.
Cut its benchmark interest rate by 25 basis points, signalling two more reductions this year.