Source: CBS News
“The Federal Reserve held its benchmark interest rate steady on Wednesday, with investors now waiting to hear from Chair Jerome Powell for further clues on the direction of monetary policy and the state of the U.S. economy. ‘Uncertainty around the economic outlook has increased,’ the Fed stated in its announcement. ‘The committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the committee’s goals.’ The Fed now expects the economy to grow more slowly this year than it did three months ago, with unemployment around the U.S. projected to hit 4.4%, up from 4.1% in February, according to economic projections also released Wednesday. The central bank forecasts inflation to edge up to 2.7%, up from from its current level of 2.5%.” (03/19/25)
https://www.cbsnews.com/news/fomc-federal-reserve-interest-rate/