Reported about 19 hours ago
The Federal Reserve has decided to keep interest rates steady but has indicated potential cuts by the end of 2025, amid rising concerns of inflation due to planned import tariffs. Chair Jerome Powell cautioned that economic conditions remain uncertain, with inflation expected to increase as tariffs impact consumer prices. Despite the Fed's positive outlook on the labor market, projections suggest slow growth and higher unemployment rates ahead, prompting a cautious approach to future rate cuts.
Source: YAHOO