Latest / Orange County News Today | 2 Min News | The Daily News Now!
Fed Holds Rates But Eyes Cuts | Orange County News
The Fed just paused again—holding rates steady at 5.25% to 5.5% for the fifth straight time, signaling caution as they wait for inflation to cool toward their 2% target. While a rate cut later this year is still on the table, it’s not guaranteed—officials are watching economic data closely to avoid reigniting inflation. They’ve also revised growth forecasts downward to 2.5% and expect unemployment to rise slightly to 4%. For now, the Fed’s message is clear: patience pays, but don’t count out easing anytime soon. 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.