Fed Maintains Interest Rates

After 3 consecutive cuts, the (Fed) decided to keep interest rates unchanged at the January meeting. At the end of the first policy meeting of 2025 on January 29, the Fed announced that it would keep the benchmark interest rate unchanged at 4.25-4.5%. Prior to that, the agency had cut interest rates three times in a row since September 2024. Fed officials are waiting for the inflation cooling process to make further progress. This process has shown signs of slowing down since the end of last year. The agency also dropped the comment "inflation is progressing", which used to be