Fed Leaves Rates Unchanged, Projects One Cut in 2026
The microsoft-vs-openai-50b-amazon-deal-sparks-legal-war.html" class="story-link" title="Federal cyber experts called Microsoft's cloud a "pile of shit," approved it any">Federal Reserve kept interest rates unchanged in a range of 3.5% to 3.75% in an 11-1 vote. The Fed projects only one rate cut coming in 2026, despite ongoing inflation concerns. Fed Chair Jerome Powell indicated he will remain in his position through any investigation until his potential replacement is confirmed.
The Fed's decision to hold rates and push back cuts to 2026 shows they're taking inflation seriously but potentially hurting economic growth. Many expected more aggressive rate cuts to stimulate job creation, which Powell acknowledged is "near zero."
The cautious approach is necessary to prevent inflation from resurging after the lessons learned from recent economic volatility. Keeping rates steady maintains economic stability while allowing the Fed to monitor inflation trends before making significant policy changes.
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Powell: Job creation is near zero
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Powell staying thru investigation 🖕🏻 per Bloomberg
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Powell says he will stay on as head of the Fed until Warsh is confirmed
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Fed leaves rates unchanged, sticks with single cut in 2026 despite higher inflation
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Fed Leaves Rates Unchanged, Projects One Cut in 2026
Bloomberg