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Fed Holds Rates as Inflation Persists | Texas News
The Fed just paused its rate-hiking spree for the third straight time, keeping borrowing costs high at a 20-year peak — and that means your mortgage, car loan, or credit card debt isn’t getting cheaper anytime soon. While inflation has cooled slightly, it’s still above their 2% target, so they’re watching economic data closely before considering any cuts. Businesses are feeling the squeeze as financing gets pricier, and officials hint they may be done with hikes — but not yet. The message? Stay tuned — every move depends on the numbers. Listen in comfort:Get a discount on a Soli Pillow…
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