Federal Reserve Keeps Interest Rates Unchanged, Anticipates Two Cuts This Year

The Federal Reserve is not expected to alter its key interest rate amid ongoing economic uncertainty. Chair Jerome Powell stated that the Fed is focused on analyzing incoming data and does not see a need to rush into decisions. Bankrate's Chief Financial Analyst, Greg McBride, cautioned that forecasts suggesting higher unemployment could signal concerns over economic risks. The Fed's quarterly economic projections are likely to remain stable, indicating no imminent rate cuts despite some signs of economic improvement.