Photo: Getty Images North America
After their meeting today, the Federal Reserve has decided once again to leave interest rates steady, despite strong economic data and pressure from President Trump.
This follows the Federal Reserve failing to cut rates in their January, March, and May meetings, and means that the benchmark federal funds rate will stand at a rate of 4.25% to 4.50%.
In a press conference after the Federal Reserve meeting, Powell cited concerns about inflation related to tariffs as one of the main reasons for holding rates steady. He said, "Changes to trade, immigration, fiscal, and regulatory policies continue to evolve, and their effects on the economy remain uncertain."
As of right now, policy makers are still expecting two rate cuts later in the year, with additional cuts expected in 2026 and 2027.
,fit(330,186),quality(65))
