The Federal Reserve voted Wednesday to pause its recent run of interest rate cuts. The decision reflects growing confidence in economic stability and market conditions. The Federal Open Market Committee voted to keep the benchmark interest rate between 3.5% and 3.75%. The move met expectations across financial markets.
This decision ends three consecutive quarter-point rate cuts. Those cuts were made to protect against potential weakness in the labor market. However, policymakers now see stronger economic momentum. As a result, the committee raised its outlook for economic growth.
At the same time, concerns about labor market weakness were reduced. Inflation, however, remains a key issue for policymakers. In its statement, the Federal Reserve noted continued economic expansion. Job growth has slowed, but unemployment appears to be stabilizing.
The committee also said inflation remains elevated. This factor continues to influence future policy decisions. Overall, the pause signals a shift in strategy. The Fed is now balancing growth, inflation, and financial stability more carefully.
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