Fed holds rates steady, hitting pause after series of cuts
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
It's important to understand that the Fed's decision to pause rate cuts will not directly impact mortgage rates. Mortgage ...
There is so much uncertainty over potential tariffs and fiscal policy, “keeping things steady looks like the prudent move.” ...
The yield on the U.S. 10-year Treasury was flat on Wednesday as investors await the Federal Reserve's first interest rate decision of 2025.
Anxiety over a Chinese startup’s threat to American artificial intelligence dominance faded further Wednesday as investors turned their focus to the Federal Reserve’s rate decision due later in the da ...
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