Fed Holds Rates Amid Cooling Inflation | Concord News

The Fed holds rates steady for the third straight time, signaling a pause in its rate-hiking campaign as inflation cools but remains above target. With strong job growth and slowing consumer spending, the central bank seeks a “soft landing” — taming inflation without sparking a recession. Expect at least one more hike this year, as officials watch inflation and employment data closely, keeping markets on edge. 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/c6b38701faf4416e