World.Alpha-News.org ➤ The news of the world is here
Federal Reserve Maintains Interest Rates, Expresses Reduced Confidence in Inflation

Today, the Federal Reserve maintained interest rates, offering limited guidance on potential future rate cuts due to persistent inflation trends and ongoing economic growth. The unanimous choice to retain the overnight interest rate at 4.25%-4.50% indicates the Fed's cautious stance, pending additional economic indicators. Following this decision, U.S. stock indices experienced a decline on Wednesday, with the S&P 500 dropping by 0.5%. Federal Reserve Chair Jerome Powell noted the possibility of rate cuts should inflation subside or job market conditions deteriorate, emphasizing the current strength of the economy.