Fed Holds Rates Amid Cooling Inflation | California News

The Fed just paused its rate hikes—again—keeping borrowing costs steady at 5.25% to 5.5%, signaling patience as inflation cools but hasn’t hit their 2% target yet. Consumers and businesses are feeling the squeeze, with no relief in sight for mortgages or loans. The Fed’s next move? Purely data-driven—with economists betting on a potential cut later this year. For now, brace for more waiting as they prioritize inflation control over economic speed. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4639ff7d951285cb