Fed Holds Rates as Inflation Persists | Chicago News

The Fed keeps rates steady at 5.25% to 5.5%, signaling continued caution as inflation remains above target. With no plans to cut rates anytime soon, mortgage costs stay high, cooling the housing market and making big purchases more expensive. The central bank is watching labor and inflation data closely — any major shifts could change course, but for now, patience is key as they balance growth with price stability. 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/ee258ace540f35a0