The Fed just paused rate hikes for the third straight time, holding rates steady at 5.25% to 5.5%, signaling confidence that inflation is cooling despite still exceeding their 2% target. With higher rates biting into mortgages, car loans, and credit cards, this pause is a breath of fresh air for households and businesses alike. The Fed’s cautious stance hinges on future data — if inflation continues falling and the job market stays strong without overheating, rate cuts could be on the horizon. For now, they’re watching closely, balancing economic stability with the ongoing fight against inflation.
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