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Fed Holds Rates as Inflation Lingers | Miami News
Description
The Fed holds steady on rates for the third straight meeting, keeping borrowing costs at 5.25% to 5.5%, as inflation remains stubbornly above their 2% target. While prices are cooling from highs, officials say they won’t act until they’re confident inflation is truly on a downward trend — a cautious stance that’s reshaping homebuying, auto loans, and credit card debt for millions. They’ve likely hit the peak of this cycle but warn they’re ready to hike further if inflation lingers. The economy’s next move? Watch the data — everyone’s waiting.
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