The Fed holds steady on interest rates for now, keeping them at 5.25% to 5.5%, signaling continued caution as inflation, though cooled from its peak, remains above their 2% target. Markets brace for uncertainty — relief for those hoping rates won’t climb, anxiety over how long high rates will last — impacting everything from mortgages to business borrowing. While projections hint at possible cuts later this year, those moves hinge on future economic data. The Fed’s balancing act: taming inflation without triggering a downturn — a tightrope walk that will shape the economy for all.
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