Fed Holds Rates as Inflation Persists | Orange County News

The Fed holds steady on interest rates for the third straight time, signaling patience as inflation cools to 3.7%—still above their 2% target. While they’re ready to hike again if needed, borrowing costs may stay high for now, affecting mortgages and car loans. Officials hint at possible rate cuts later this year, but timing depends on job growth, spending, and inflation trends. The delicate balancing act continues: tame prices without crashing the economy. 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/d70fc9fa37e9656e