Federal Reserve Holds Rates Steady as Inflation Remains Above Target

by | Jan 29, 2025

The Federal Reserve kept interest rates unchanged on Wednesday, with inflation still exceeding its 2% target.

 

The decision marks the first major move from the central bank under President Trump’s second term and follows Trump’s assertion that he should have some influence over Fed policy. Fed officials must now determine whether this pause is temporary or the beginning of a longer period of steady rates.

 

CNN

 

 

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