Fed Holds Rates Steady, Powell Signals Two Cuts Possible Before Year-End
The Federal Reserve held its benchmark rate at 5.25 to 5.50% but Chair Powell signaled two cuts before end of 2025 if inflation continues declining. The PCE inflation gauge rose 2.7% year-over-year in
The Federal Reserve held its benchmark rate at 5.25 to 5.50% but Chair Powell signaled two cuts before end of 2025 if inflation continues declining. The PCE inflation gauge rose 2.7% year-over-year in March, down from 2.9%. Markets price 68% odds of a September rate cut.
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