Federal Reserve Keeps Rates Steady for Fourth Straight Meeting Amid Inflation Concerns

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Summary

Federal Reserve leaves interest rates unchanged as it forecasts higher inflation

The Federal Reserve left interest rates at their current levels as the central bank continued to assess the impact of President Donald Trump's tariffs on the U.S. economy. The federal funds rate remains in the 4.25-to-4.5% range. But the central bank's latest outlook spells out a stagflationary environment resulting from the import duties, with inflation heading higher even as overall growth trends lower.

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NBC News

Analysis-Fed treads carefully, leaving markets anxious about tariff risks

The Federal Reserve stood pat on interest rates for the fourth meeting in a row, and home equity loans were flat — but HELOCs bumped up a bit. The average rate on the $30,000 HELoan remained at 8.25 percent for the third straight week. Meanwhile, the average rate on a $30,000 home equity line of credit rose five basis points to 8.27 percent, according to Bankrate’s national survey of lenders.

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WTVB

Federal Reserve leaves key interest rate unchanged for fourth straight meeting

The Federal Reserve on Wednesday said that it will leave its benchmark interest rate unchanged following its June monetary policy meeting as policymakers continue to monitor inflation and labor market data amid elevated economic uncertainty. The central bank's decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%. It comes after the Fed left rates at that level at its three prior meetings in January, March and May. The central bank cut rates at its final three meetings last year, which involved a 50-basis-point cut in September and a pair of 25-basis-point reductions in November and December.

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Fox Business

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News Results

Fed leaves rates steady, forecasts higher inflation

The central bank has resisted President Trump’s calls for rate cuts.

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Yesterday

US Fed leaves interest rates unchanged amid economic uncertainty

The US Federal Reserve has left its benchmark rate unchanged. The decision comes as policymakers weigh signs of a weakening economy. US retail sales numbers fell more than expected in its report from the US Department of Commerce yesterday. Last week’s jobless claims report came in at its highest in eight months at 248,000.

LEFT

9h ago

Top economist warns America is heading toward economic disaster the Fed can't fix

Euro Pacific Asset Management Chief Economist Peter Schiff voiced some criticism of the Federal Reserve during an appearance on "The Claman Countdown" Schiff's comments came not long after the Federal Open Markets Committee (FOMC) wrapped up its latest meeting. "I don’t even think their forecasts are educated guesses so much as wishful thinking," Schiff said.

RIGHT

9h ago

Fed holds interest rates for fourth time despite tariff turmoil

The Federal Reserve left its key interest rate unchanged on Wednesday. The decision marked the fourth in a row without action, keeping the bank's influential lending rate hovering around 4.3%. President Donald Trump has repeatedly called on the Fed to cut interest rates, arguing, in part, that the problem has faded.

LEFT

9h ago

Fed expected to hold interest rates steady, defying Trump

Fed expected to hold interest rates steady, defying Trump. Fed has pursued a patient approach as it awaits the effects of tariffs. Since Trump took office, inflation has eased and job growth has slowed. Fresh inflation data last week showed a slight acceleration of price increases, but inflation remains near its lowest level since 2021.

LEFT

9h ago

HELOCs rise but home equity loans are steady as Fed leaves interest rates unchanged

The Federal Reserve stood pat on interest rates for the fourth meeting in a row. The average rate on the $30,000 HELoan remained at 8.25 percent for the third straight week. Forecasts by the CME FedWatch tool predict the Fed lowering lower rates by a half point by year's end.

9h ago

Fed Holds Interest Rates Steady, Hints at Near-Term Cuts

The central bank maintained its benchmark interest rate at between 4.25 percent and 4.5 percent Wednesday. The Fed did indicate in its post-meeting report that two cuts might be on the horizon later in 2025 based on the “dot plot” matrix of individual committee members.

MIDDLE

Yesterday

Central Banks worldwide expected to keep interest rates frozen as nations eye Israel-Iran turmoil, Trump's trade war

Multiple central banks are set to keep interest rates frozen in the coming week. Officials in countries that account for two fifths of the global economy may display a collective sense of paralysis. The toll that trade tensions are taking on world prosperity is likely to feature when Group of Seven leaders meet in Canada.

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Bullock and co are on the way to ease borrowers’ pain

The Reserve Bank is expected to cut interest rates on Tuesday. It will be the second cut in a year. The challenge remains: to see off inflation without crashing the economy. In the U.S., the Federal Reserve is also expected to make a change in its monetary policy.

RIGHT

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5mo ago

Indonesia, Thailand Set for Rate Pause as They Await Fed Easing

Thirty-four of 36 economists expect Bank Indonesia to keep its benchmark BI-rate at 6.25%. Two anticipate a quarter-point cut. All but one of the 24 analysts polled on Bank of Thailand’s one-day repurchase rate forecast a hold at 2.5%.

MIDDLE

10mo ago

Fed’s Powell Testifies as Inflation, Hiring Cool - BNN Bloomberg

Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates. June consumer price index data are projected to be another step toward that goal. The figures are only set for release on Thursday — after the Fed chair wraps up two days of Congressional testimony.

Federal Reserve Keeps Rates Steady for Fourth Straight Meeting Amid Inflation Concerns

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