Fed Officials Hold Rates Steady, Still See Two Cuts by Year End.
- Federal Reserve officials left interest rates unchanged and continued to predict two rate cuts in 2025, citing high uncertainty over the economic outlook that has diminished.- Officials downgraded their estimates for economic growth this year, lifted their forecasts for unemployment and inflation, and dropped a line from the previous statement about rising risks to unemployment and inflation.- Fed policymakers are waiting for clarity on how President Donald Trump's economic policies will affect inflation and the economy, and are assessing the impact of tariffs, tax and spending bills, and other policy changes on the economy.Comparison between today’s and last month’s FOMC statements:
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