Fed Holds Rates as Inflation Fight Continues | Philadelphia News

The Fed holds rates steady for now, keeping them between 5.25% and 5.5%, signaling continued caution as inflation cools but hasn’t hit their 2% target. While some progress is visible, the central bank remains committed to fighting inflation — even if it means higher mortgage and loan costs for households and tighter budgets for businesses. Officials project three rate cuts next year, but that’s conditional on economic data. Patience is the name of the game: the Fed’s measured approach will keep rates elevated until inflation is firmly under control. 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/032271fc88dfda90