Fed Holds Rates Amid Inflation Watch | San Diego News

The Fed just paused its rate hike cycle, keeping borrowing costs steady at 5.25% to 5.5%, signaling patience as inflation cools but still lingers above their 2% target. With businesses and consumers feeling the squeeze, markets await the first potential cut — a move that could unlock spending and growth. Officials are laser-focused on data, especially jobs and inflation, promising no hasty moves until the economy shows consistent signs of stabilization. Patience is the name of the game — for now. 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/ad3dd4b648fbdee4