Fed Holds Rates as Inflation Cooldowns | Chicago News

The Fed holds rates steady for the third straight time, signaling cautious optimism as inflation cools—but the economy’s still feeling the squeeze from sky-high mortgage rates and business borrowing costs. Officials are watching job growth and spending closely, hinting at possible rate cuts later in 2024 if inflation keeps falling and the economy weakens. For now, patience is key—they believe their past moves are working, but the road to recovery isn’t over. Support the show:Get a discount at https://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/2f4ef1f90709cd68