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The U.S. central bank says the U.S. economy remains solid but the outlook has ‘diminished.’
Federal Reserve Chairman Jerome Powell after testifying before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 11, 2025. Madalina Vasiliu/The Epoch Times
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The Federal Reserve kept interest rates unchanged for the fourth straight meeting on June 18, a decision that financial markets widely expected.
The U.S. central bank left the benchmark federal funds rate—a key policy rate that influences consumer borrowing costs and the U.S. government’s debt-servicing payments—at a range of 4.25 to 4.5 percent.
