Fed holds rates steady, sees slower growth and higher inflation amid Trump uncertainties
The Federal Reserve held interest rates steady Wednesday as policymakers stay cautious amid the uncertainty of President Trump’s economic policies.
Fed to Shrink Balance Sheet at Slower Pace Until Debt-Ceiling Deal Reached
(Bloomberg) -- The Federal Reserve said it will start shrinking its balance sheet at a slower pace starting next month, reducing the amount of bond holdings it lets roll off every month. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire FrontlinesOfficials
Williams-Sonoma Results Beat Estimates. Here's Why the Stock Is Down
Shares of Williams-Sonoma dropped Wednesday, extending their 2025 losses, as an outlook that raised the prospect of declining sales offset fourth-quarter results that were stronger than expected.
Why is XRP up today? Crypto coin price surges after Ripple CEO says SEC dropped landmark lawsuit
It’s just the latest instance of the SEC easing up on the cryptocurrency industry during the Trump presidency.
Fed sees 2 rate cuts in 2025, projects higher inflation and lower economic growth
The Federal Reserve maintained its previously expected pace of rate cuts but signaled higher inflation and a slowdown in economic growth for 2025.
Instant View: Fed doesn't change rates, will slow pace of balance sheet reduction
Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year, with their preferred measure of price increases expected to end the year at 2.7% versus the 2.5% pace anticipated in December. But the Federal Open Market Committee also marked down the outlook for economic growth for this year from 2.1% to 1.7%, with slightly higher unemployment by the end of this year. Fed Chair Jerome Powell said in post-statement news conference that he had no reason to believe that the U.S. was experiencing 1970s-style high inflation that prompted the Fed to sharply raise rates and induce a deep recession to defeat it.
Federal Reserve Holds Key Interest Rate Steady Amid Uncertainty About The Economy's Future
As widely expected, the Federal Reserve held its key interest rate steady. Officials are waiting for the economy to send signals about its trajectory amid uncertainty about the effects of President Donald Trump's trade war.
Fed keeps interest rates steady after a stock market sell-off and a brewing trade war
Outlooks for the U.S. economy continue to be opaque due to the president’s shifting tariff policies.
Fed policymakers project two rate cuts this year, some see fewer
WASHINGTON (Reuters) -U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they forecast slower economic growth and higher inflation. But there was substantial disagreement among policymakers about the appropriate path of policy, reflecting uncertainty over how the Trump administration's trade and other policies will play out in the real economy, and how the Federal Reserve should respond. As was widely expected, the Fed kept the policy rate unchanged in the 4.25-4.50% range.
Watch live: Fed Chair Jerome Powell answers questions after interest rate decision
Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady.
Popular Post
- Crypto Needs to Radically Rethink Token Distribution Aug 09, 2024
- Why Is Bitcoin Down to $95,000 Today? Dec 10, 2024
- Want Solar Panels on Your Roof? How to Navigate Market and Tariff Chaos Apr 28, 2025