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Fed Holds Rates as Inflation Slows | Philadelphia News
The Fed holds steady on interest rates for now, keeping them at 5.25%–5.5%, marking the fifth consecutive meeting without a hike. While inflation is cooling from its peak and the job market remains strong, they’re not declaring victory — still watching data closely. Borrowers breathe easy as loan costs won’t spike soon, but savers won’t see higher returns either. Officials now project three rate cuts in 2024 — up from earlier forecasts — depending on economic momentum and inflation’s path to 2%. Next update: April’s meeting. Your wallet and the economy are watching. Listen in comfort:Get a…
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