Fed holds rates steady, takes less confident view on inflation

The Federal Reserve decided to keep its key interest rate steady in a range between 4.25%-4.5%, reversing a trend of recent cuts. This move comes as the central bank examines a potentially challenging political and economic landscape ahead, following three consecutive rate cuts since September 2024. The decision, made at the first Fed meeting since Donald Trump assumed the presidency, was influenced by a more optimistic view on the labor market and a drop in inflation references from the December statement.

Full Article