US EditionFed keeps interest rates steady after three consecutive rate cuts
- On Wednesday, the Federal Reserve left its policy interest rate unchanged at about 3.6%, with the Federal Open Market Committee voting 10-2 to keep the target range between 3.50 per cent and 3.75 per cent.
- Policymakers cited solid growth and signs of job-market stabilisation, but inflation remains stubbornly above the Fed's two per cent target, prompting caution before further cuts this year.
- Governors Stephen Miran and Christopher Waller registered dissents, each preferring a quarter-percentage-point reduction; Miran, recently appointed by President Donald Trump, had pushed for half-point cuts before.
- Borrowers face unchanged borrowing costs for mortgages, car loans and businesses after the Fed's decision, and the decision is expected to prompt fresh criticism from President Donald Trump.
- Most economists expect two cuts this year, with markets eyeing June, while attention focuses on who will succeed Jerome Powell, Federal Reserve Chair, when his term ends in May.
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Fed holds rates steady, bucking Trump pressure
What happenedThe Federal Reserve Wednesday voted to keep its benchmark interest rate unchanged at 3.5% to 3.75%, resisting pressure from the White House for further cuts. It was the central bank’s first rate pause since July.Who said what“The economy has once again surprised us with its strength,” Fed Chair Jerome Powell said at a news conference. The outlook “has clearly improved since the last meeting,” and while consumer spending is “uneven a…
US Federal Reserve Fed keeps interest rates at the same level – and it should stay that way for a longer time. Although President Trump is annoyed, some companies and their shareholders are pleased.
Why The Federal Reserve Paused Rate Cuts
The Federal Reserve held its benchmark interest rate steady on Wednesday, pausing a recent series of cuts as officials cited stronger economic growth and easing labor market risks. The Federal Open Market Committee voted to keep rates in a 3.5 percent to 3.75 percent range, ending three consecutive quarter-point reductions. Policymakers raised their outlook for economic growth and signaled greater confidence that employment conditions are stabil…
The Federal Reserve paused its interest rate cuts yesterday, leaving its key rate unchanged at approximately 3.6%, after cutting it three times last year.
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