Fed holds interest rates steady
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In a news conference, Powell suggested that the central bank remains concerned about inflation that was still stubbornly elevated even before the Iran war’s impact on gas prices.
The Federal Reserve has little choice but to stay on the sidelines this week.
Federal Reserve Vice Chair for Supervision Michelle Bowman says she has penciled in three rate cuts before the end of 2026, citing concerns about the U.S. labor market.
The best high-yield savings accounts continue to offer up to 5.00% APY -- for now. Grab one while you can in case rates slide further.
As 2025 got under way, there were muted expectations regarding Federal Reserve interest rate cuts. In fact, in early January, the CME FedWatch tool showed that the median expectation was for a single 25-basis-point cut in the federal funds rate for the ...