"Federal Reserve Holds Rates Steady, Signals Possible Cuts Ahead"
The Federal Reserve kept interest rates unchanged and hinted at a willingness to cut them, but Fed Chair Jerome Powell indicated that a rate cut in March is unlikely. The central bank emphasized the need for greater confidence in sustained inflation progress before considering a rate reduction. The decision to leave rates unchanged was unanimous, and the Fed plans to continue reducing its balance sheet. Economists at Goldman Sachs adjusted their forecast for the first rate cut to May and maintained projections for multiple reductions this year. Policymakers highlighted a more balanced risk outlook and acknowledged the economy's strong performance, with inflation falling and GDP growth exceeding expectations.
- Fed Keeps Rates Steady While Powell Says March Cut Unlikely Yahoo Finance
- Key takeaways from the Fed’s decision to hold rates steady CNN
- Federal Reserve holds interest rates steady, sets the stage for cuts. What that means for your money CNBC
- Fed Signals Cuts Are Possible but Not Imminent as It Holds Rates Steady The Wall Street Journal
- Fed eyes interest rate cuts as inflation eases The Washington Post
Reading Insights
0
9
5 min
vs 6 min read
89%
1,022 → 108 words
Want the full story? Read the original article
Read on Yahoo Finance