The Federal Reserve on Wednesday, June 18, kept interest rates steady amid expectations of higher inflation and lower economic growth ahead.
With markets expecting no chance of a central bank move this week, the Federal Open Market Committee kept its key borrowing rate targeted in a range between 4.25%-4.5%, where it has been since December.
Along with the rate decision, the committee indicated, through its closely watched “dot plot,” that two cuts by the end of 2025 are still a possibility. Read more.