Fed Holds Rates as Inflation Persists | Jersey News

The Fed holds steady on interest rates for the third straight meeting, keeping borrowing costs between 5.25% and 5.5% as inflation remains above target. While inflation has cooled from its peak, officials say more consistent progress is needed before cutting rates. This pause affects homebuyers, refinance rates, and business borrowing, with future cuts still projected—but conditional on economic data. The Fed’s message: patience is key until inflation is truly 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/d5e45e5f9e89256c