Fed Holds Rates But Eyes Cuts | Orange County News

The Fed just paused again—holding rates steady at 5.25% to 5.5% for the fifth straight time, signaling caution as they wait for inflation to cool toward their 2% target. While a rate cut later this year is still on the table, it’s not guaranteed—officials are watching economic data closely to avoid reigniting inflation. They’ve also revised growth forecasts downward to 2.5% and expect unemployment to rise slightly to 4%. For now, the Fed’s message is clear: patience pays, but don’t count out easing anytime soon. 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/879428774e720aa5