Posted on 01/29/2025 11:37:49 AM PST by ChicagoConservative27
Federal Reserve officials left interest rates unchanged in their first policy decision of 2025.
“Recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated,” the Fed said Wednesday in a statement released at the conclusion of its two-day meeting.
The Fed said that it views the risks of inflation and a softer labor market to be roughly balanced. Language from past statements noting progress on bringing inflation down was dropped from the official statement.
The Fed dramatically lowered its interest rate benchmark by three-quarters of a percentage point at its September meeting and followed this up with quarter point cuts at the next two meetings in November and December, bringing its benchmark federal funds rate down from a range of 5.25 to 5.5 percent to the current target range of 4.25 to 4.50 percent.
(Excerpt) Read more at breitbart.com ...
Interest on the debt.
Of course they will. Fixing this mess will be wholly on President Trump and the GOP Congress. The Fed will be deliberately obstructionist
Yes, and creates a diversion from Canada who cut rates today. Clearly Canada is experiencing a recession while the US is climbing out of a weak economy to new growth.
Eager to cut pre-election and through the remainder of SloJo’s term, got cold feet after Jan. 20….
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