Latest / Washington DC News Today | 2 Min News | The Daily News Now!
Fed Holds Rates as Inflation Cools | Washington DC News
The Fed just paused its rate-hiking spree, keeping borrowing costs steady at 5.25% to 5.5% — a third straight hold — as inflation cools but still overshoots targets. Businesses and consumers are feeling the pinch with higher loans and mortgages, while officials signal they may be done with hikes for now — but won’t hesitate to act if inflation doesn’t keep falling. The pause is temporary; the Fed’s next move will hinge entirely on the data. Thank you to our sponsor Garrett Waller Performance: http://coaching.garrettwaller.com Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.