Fed Holds Rates as Inflation Fight Continues | San Jose News

The Fed holds steady on interest rates for the third straight meeting, signaling continued caution as inflation cools but hasn’t hit their 2% target yet. Higher rates mean more expensive borrowing for consumers and businesses, slowing spending and hiring — exactly what the Fed wants to keep inflation in check. While future rate cuts are possible next year, they’re not guaranteed — every move will depend on real-time economic data. Patience is the message: the Fed’s inflation fight isn’t over, and they’re willing to keep rates high until the job is done. 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/6f0fad97d0e4a348