Fed holds rates steady
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The Federal Reserve announces its decision on interest rates.
The Federal Reserve did not cut its influential fed funds rate this afternoon. However, central bankers released a report detailing their projections for various economic indicators at 2 p.m. Eastern Time.
Surging oil forces markets to price out 2026 Fed rate cuts, as SOFR spreads signal potential hikes. Learn why the policy narrative could shift.
By Howard Schneider and Ann Saphir WASHINGTON, March 18 (Reuters) - The U.S. central bank held interest rates steady on Wednesday and projected higher inflation, steady unemployment and a single reduction in borrowing costs this year,
The Fed is widely expected to hold interest rates steady this week. But its new forecast will hint at where savings and CD yields may be headed later this year.
President Donald Trump says he knew oil prices would go up because of the Iran war as the conflict underscores the risks of his relentless focus on fossil fuels while pursuing what he calls American e