Federal Reserve holds interest rates steady, signals one cut later this year
Bottom line. The central bank kept its benchmark rate unchanged for a fourth straight meeting, citing cooling but still-elevated inflation. Projections now point to a single rate cut before year-end, down from earlier forecasts. Markets rose modestly. Economists are split on whether the cautious path risks slowing hiring.
◀ Emphasized more on the left
Coverage foregrounds the risk to employment and lower-income borrowers if rates stay high too long.
▶ Emphasized more on the right
Coverage foregrounds persistent inflation and frames the hold as overdue discipline on spending.