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.
Federal Reserve holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Fed Begins 2025 in Neutral, Holding Interest Rates Steady
The Federal Reserve kicked off the year in neutral, opting to keep interest rates unchanged at the conclusion of its policy meeting on Wednesday. The Federal Open Market Committee’s decision to pause its run of lowering interest rates was widely expected by traders,
Fed's Hammack sees need to hold rates steady for some time
Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday the need to get inflation back to target will keep monetary policy on pause for now. “Given current economic conditions, it will likely be appropriate to hold the funds rate steady for some time,
Fed’s Hammack Says Rates on Hold Until Inflation Ebbs Further
Federal Reserve Bank of Cleveland President Beth Hammack said it’s appropriate to keep interest rates steady for “some time” while policymakers await further downward progress on inflation and analyze the economic effects of new government policies.
Cleveland Fed chief advocates for steady interest rates amid inflation concerns
Federal Reserve Bank of Cleveland President, Beth Hammack, has advocated for maintaining current interest rates for an undetermined period. This comes as policymakers continue to monitor inflation rates and assess the impact of new governmental policies on the economy.
Federal Reserve Target Rate Remains Close To Neutral
The Federal Reserve in last week’s policy meeting left interest rates unchanged at a 4.25%-4.50% range, and a repeat ...
Fed Stays Steady, and Powell Offers No Guidance on Future Rate Cuts
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and ...
Federal Reserve Pauses Interest Rate Cuts—First Meeting Without A Cut Since July
Fed chair Jerome Powell said he has not talked with Trump since the president demanded last week “interest rates drop ...
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Federal funds rate: What it is and how it affects you
The federal funds rate is the interest rate the government sets for one bank to charge another bank for ultra-short-term loans, usually just overnight. It's actually a target rate range.
Will mortgage interest rates fall in February without a Fed meeting? Experts weigh in
If you look at the biggest industry forecasts, analysts predict that mortgage rates will either hold steady or drop slightly ...
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When will interest rates go down again?
Starting in September, the FOMC lowered the federal funds rate three times in late 2024, ending the year with a target range of 4.25% to 4.50%. That flurry of activity, however, was preceded ...
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in ...
Why are mortgage rates still so high? There’s something more important than Fed policy at work
The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.