The Federal Reserve plans to hold its key interest rate steady after a series of cuts reduced the rate by one percentage point last year. With inflation showing slight increases, economists do not foresee further cuts in the near term, which could affect credit card, home equity loan, and other borrowing rates. Following rapid rate hikes to combat inflation, recent economic data and policy considerations make further cuts seem unlikely, signifying a shift in the Fed's monetary strategy.
The Federal Reserve is expected to maintain its key rate following a series of cuts, indicating that further reductions may not be necessary amid rising inflation.
After lowering the benchmark rate from near zero to 5.33, the Fed's recent strategy appears to lean toward holding rates steady, affecting various loan rates.
Collection
[
|
...
]