Reported 3 months ago
The US Federal Reserve has decided to keep interest rates steady at 5.25% to 5.5%, with indications from officials suggesting that potential rate cuts may occur later this year, depending on inflation trends. Fed chair Jerome Powell expressed cautious optimism, noting that if inflation continues to decline as expected, a rate cut could be on the agenda for the September meeting. The labor market is stabilizing, further influencing the Fed's considerations as it balances its dual mandate of controlling inflation and supporting employment.
Source: YAHOO