Fed Holds Rates as Inflation Watch Continues | Venice Beach News

The Fed holds steady on interest rates for the third straight meeting, keeping rates between 5.25% and 5.5% as they stay cautious about inflation. While this pause aims to cool the economy without triggering a crash, it’s hitting consumers and businesses hard—higher borrowing costs are squeezing wallets and slowing hiring. Fed Chair hints at possible rate cuts next year, but only if economic data improves. For now, it’s a tense wait: inflation’s not beaten yet, and the Fed’s laser focus on data means no quick fixes. 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/b68637a972621434