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Fed Leaves Interest Rates Unchanged · GNN Daily Breaking News

• 0:00
  Speaker 1: The Federal Reserve has once again decided to hold interest
• 0:03
  Speaker 1: rates study, keeping its benchmark range at three point five
• 0:07
  Speaker 1: zero to three point seventy five percent. This marks the
• 0:10
  Speaker 1: fifth consecutive meeting without a change, a clear signal that
• 0:14
  Speaker 1: policymakers remain cautious as they balanced stubborn inflation against the
• 0:18
  Speaker 1: risks of slowing growth. The decision came after a split vote,
• 0:23
  Speaker 1: with three regional FED presidents pushing for a modest hike.
• 0:26
  Speaker 1: But Cher Kevin Walsh, presiding over his first summer as
• 0:30
  Speaker 1: FED chief, emphasized prudence. He told reporters that inflation, still
• 0:35
  Speaker 1: running above the Fed's two percent target, cannot be solved
• 0:38
  Speaker 1: in days or weeks, and that holding rates study allows
• 0:42
  Speaker 1: the central Bank to assess the impact of energy price
• 0:45
  Speaker 1: shocks and global instability. Those shocks are real. The war
• 0:49
  Speaker 1: in Iran has disrupted oil supplies, driving gasoline prices higher
• 0:54
  Speaker 1: and pushing US inflation to four point two percent in May,
• 0:57
  Speaker 1: its highest level in more than three years. That pressure
• 1:01
  Speaker 1: has filtered into household budgets, keeping mortgage rates elevated and
• 1:05
  Speaker 1: credit card interest near twenty percent For consumers. Borrowing remains expensive,
• 1:11
  Speaker 1: while savers continue to enjoy strong returns on deposits. Markets
• 1:16
  Speaker 1: had largely anticipated the Fed's move, but attention now shifts
• 1:20
  Speaker 1: to September. Futures pricing suggests investors expect at least one
• 1:24
  Speaker 1: more hike before year's end if inflation refuses to ease.
• 1:28
  Speaker 1: Worsh himself left the door open, stressing that the Fed's
• 1:32
  Speaker 1: only target is two percent inflation and that policy will
• 1:35
  Speaker 1: remain data driven. Globally, the decision reverberates a stronger dollar
• 1:41
  Speaker 1: has strained emerging markets, while high US rates ripple through
• 1:44
  Speaker 1: borrowing costs worldwide. By holding study, the Fed offers predictability,
• 1:50
  Speaker 1: but volatility remains likely as traders parse every signal from Washington. Politically,
• 1:56
  Speaker 1: the decision lands in a heated moment. President Trump has
• 2:00
  Speaker 1: repeatedly urged the FED to cut rates more aggressively to
• 2:03
  Speaker 1: spur growth, while critics warn that easing too soon could
• 2:07
  Speaker 1: reignite inflation. Warsha's stance underscores the Fed's independence, reminding markets
• 2:13
  Speaker 1: and politicians alike that monetary policy is guided by economic realities,
• 2:18
  Speaker 1: not political pressure. Ultimately, the Fed's choice to leave rates
• 2:22
  Speaker 1: unchanged reflects the delicate balancing act of modern central banking
• 2:27
  Speaker 1: fighting inflation without tipping the economy into recession. With midterm
• 2:31
  Speaker 1: elections looming, the trajectory of interest rates will shape not
• 2:35
  Speaker 1: only financial markets, but also the broader political debate over
• 2:39
  Speaker 1: America's economic future.