Federal Reserve officials held interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year. The Federal Open Market Committee voted unanimously on Wednesday to keep the federal funds rate in a range of 4.25%-4.5%, after lowering rates by a full percentage point in the final months of 2024.
This is a special "Bloomberg Surveillance: The Fed Decides." Chair Jerome Powell holds his press conference at 2:30 pm.
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