Fed Holds Rates as Inflation Cools | Los Angeles News

The Fed just paused its rate-hiking spree for the third straight time, signaling cautious optimism as inflation cools—but don’t celebrate yet. With inflation still above target, they’re watching closely, balancing economic stability against the need to bring prices down. For homeowners and borrowers, that means no immediate spike in mortgage or car loan rates, but businesses are bracing for slower growth. More hikes? Possibly—if inflation doesn’t keep falling. The next decision looms at month’s end, and everyone’s holding their breath for the data. 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/9aa93cb7e98013d3 Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Los Angeles News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews