Reported about 11 hours ago
The Federal Reserve announced it will maintain interest rates between 4.25% and 4.5% while projecting two rate cuts in 2025. Alongside the policy announcement, the Fed raised its inflation and unemployment projections, expecting core inflation to reach 2.7% next year. Economic growth forecasts were downgraded, indicating a more cautious approach due to uncertainties in the economic outlook.
Source: YAHOO