Fed's Latest Decision: Status Quo on Rates, but Change is in the Air The Federal Reserve maintained its benchmark interest rate at a 23-year high of 5.25% to 5.5% but hinted at potential rate cuts in the near future. While no immediate changes were made, the Fed’s statement and Chair Jerome Powell’s comments suggest that recent progress in lowering inflation could pave the way for rate reductions, possibly as soon as September. The Fed is closely monitoring both inflation trends and labor market conditions to determine the timing and pace of future rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Is the FED Hiding? READ MORE Oaktree's Marks Forecasts 3-4% 'New Normal' for US Interest Rates READ MORE Gold plummets to near $2,400 as profit-booking kicks in, US Dollar advances READ MORE Poland’s 50/50 gold buying: 50 tonnes bought over 3 months, but another 50 tonnes to go READ MORE CBO Predicts Decade of Soaring U.S. Deficits READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment