Reported 2 days ago
Federal Reserve officials expressed concerns about rising inflation risks during a recent meeting, leading them to maintain the benchmark interest rate at 4.3%. Factors such as proposed tariffs and strong consumer spending contribute to these inflation concerns. The officials indicated that they want to see more progress on inflation before considering any rate cuts, resulting in a cautious approach moving forward. Market expectations hint that further cuts may not occur until later in the year or even 2026.
Source: YAHOO