Fed holds steady but upgrades inflation path, slower easing ahead

As expected, Fed left interest rates unchanged at 4.25%–4.50% today, with all FOMC members voting in favor of the decision. The real focus was on the revised projections, which revealed a cautious shift: while two rate cuts remain penciled in for 2025, the pace of easing slows meaningfully beyond that. The median forecast now puts […]

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