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Fed Holds Rates Steady Amid Mounting Economic Uncertainty
Fed Holds Rates Steady Amid Mounting Economic Uncertainty
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The Federal Reserve maintained its benchmark interest rate at 4.25%-4.5% during yesterday’s FOMC meeting, signaling caution as economic risks multiply. Policymakers highlighted dual threats—persistent inflation above target and rising unemployment risks—creating a delicate balancing act for future decisions.
Chair Jerome Powell explicitly rejected market hopes for near-term rate cuts, emphasizing the need for conclusive data before policy shifts. "We remain committed to restoring price stability," Powell stated, underscoring the Fed’s data-dependent approach amid what he termed "increased further" uncertainty.
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