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Home » Fed holds rates steady, pausing for further inflation progress

Fed holds rates steady, pausing for further inflation progress

Federal funds remained at a range of 4.25%-4.5%

Bloomberg NewsbyBloomberg News
January 29, 2025
in Risk Management
Reading Time: 3 mins read
0
The Marriner S. Eccles Federal Reserve building stands in Washington, DC. Photographer: Erin Scott/Bloomberg

Photographer: Erin Scott/Bloomberg

Federal Reserve Chair Jerome Powell said officials are not in a rush to lower interest rates, adding the central bank is pausing to see further progress on inflation following a string of rate reductions last year. “We do not need to be in a hurry to adjust our policy stance,” Powell said Wednesday, noting that […]

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