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.
CBS News on MSN9d
The Fed is hitting the pause button on rate cuts, for now. Here's the impact on your money.Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is ...
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and ...
Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair ...
Wednesday’s decision to hold the Fed’s benchmark short-term rate steady comes after officials reduced it by a total percentage point at three straight meetings late last year. That has lowered ...
The Federal Reserve’s Federal Open Market Committee (FOMC) met today to discuss how to handle the U.S. economy. Results from ...
At the conclusion of its first rate-setting policy meeting of 2025 on January 29, 2025, the Federal Reserve announced it was leaving the federal funds target interest rate at 4.25% to 4.50% ...
The Fed’s policymaking committee voted ... The January pause follows a cumulative percentage point of rate cuts over the last three meetings of 2024. The FOMC’s previous statement, after ...
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