Fed Holds Rates Steady, Signals Possible Cuts Later This Year

WASHINGTON – The Federal Reserve kept its benchmark interest rate unchanged at 4.25%–4.5%, despite rising inflation and slowing economic growth. While the central bank still projects two rate cuts by the end of 2025, it trimmed future cuts for 2026 and 2027. Economic forecasts now predict: GDP growth at just 1.4% for 2024 Inflation at | Read More in Virtual Jerusalem