
The Federal Reserve decided to keep its benchmark interest rate unchanged on Wednesday, following three consecutive rate cuts last year. The move signals a cautious stance as policymakers assess the trajectory of inflation and the potential impact of President Donald Trump’s economic policies.
The central bank had lowered rates in 2024 from 5.3% to 4.3%, partly due to concerns about a weakening labor market. Hiring had slowed during the summer, and a rise in the unemployment rate prompted Fed officials to implement a half-point rate cut in September.
However, job growth rebounded last month, with the unemployment rate edging down
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