Fed Meeting Today Live: The FOMC is Struggling With More Uncertainty Than Usual, Chair Powell Says

Category: Finance

The Federal Reserve decided to keep interest rates unchanged at 4.25% to 4.5%, with economists noting the strength of the economy and persistent inflation as key factors. Fed Chair Jerome Powell emphasized the need for caution in making rate cuts, citing uncertainties in economic forecasting due to policy shifts. The FOMC's focus has shifted to monitoring unemployment and inflation, with no immediate plans for further cuts despite previous reductions.

Keywords: Federal Reserve, interest rates, economic policy

Source: Investopedia

Update At: 1/30/2025

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