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The Federal Reserve left its benchmark interest rate unchanged at its most recent meeting but declined to rule out a future increase, with officials forecasting that U.S.
inflation will remain elevated through the remainder of the year. The decision puts businesses and households in a familiar place: waiting to see whether borrowing costs have peaked or have one more move left.
What "Holding Steady" Actually Means When the Federal Reserve holds interest rates steady, it is choosing not to make money more expensive to borrow — at least not yet.
The Fed sets a target for the federal funds rate, the rate at which banks lend to each other overnight.
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