Fed holds rates steady, hitting pause after series of cuts
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
As was expected, the FOMC announced it would hold its federal funds rate target at 4.25-4.5 percent. This ended the ...
The Federal government issued an executive order to pause all payments of federal assistance as of 5:00 January 28th ...
Entities in Franklin County have a lot riding on the outcome of President Trump's decision to pause federal funding.
The federal freeze on the funding sparked outrage among Gen Z and Gen Alpha who rely on key resources like the FAFSA to ...
The Federal Reserve is expected to pause rate cuts at its January 29 meeting, maintaining rates between 4.25% and 4.5%.
Many are in limbo, unsure whether the funding they were banking on will survive the ideological scrutiny of the new ...
Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president told business leaders he would demand the central bank lower ...
The Federal Reserve on Wednesday voted unanimously to leave its benchmark rate unchanged, ending a run of three consecutive meetings with rate cuts. In a statement, the Fed repeated language implying ...
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