US Fed Meeting LIVE: Powell’s First Interest Rate Decision for 2025 | FOMC Meeting | Trump | USA Today | CNBC TV18
The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated, following a series of rate cuts since September 2024.
In the past three months, the Fed had reduced the overnight borrowing rate by a total of one full percentage point. However, in its latest meeting, the central bank opted for a pause, signalling a more cautious approach as it assesses economic conditions.
U.S. Federal Reserve Chair Jerome Powell holds a news conference after a meeting of the Federal Open Market Committee (FOMC) to decide whether to raise, lower or maintain interest rates.
US Fed Meeting Live: After three interest rate cuts in a row, the US Federal Reserve is expected to take a breather on Wednesday and signal it will remain on pause until the data changes, despite pressure to cut from President Donald Trump. Catch all the live updates here
The Fed gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he wants lower interest rates. Market pricing is pointing to a near 100% certainty that the rate-setting Federal Open Market Committee will keep the central bank’s policy rate in a target range of 4.25%-4.5%.
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