central banks | Donald Trump | Economy | FOMC | interest rates | Iran
Fed holds rates steady
Still projects one rate cut in 2026.
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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.