Fed Holds Rates as Inflation Lingers | Texas News

The Fed holds steady on rates for the third straight meeting, keeping borrowing costs between 5.25% and 5.5%, as inflation remains above their 2% target and the job market stays strong. Chair Jerome Powell insists patience is key—no rate cuts until inflation is firmly under control. While a couple of cuts next year are possible, it’s not guaranteed; the Fed will closely monitor data before making any moves. 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/be1886608ed4dc54