Today, the Federal Reserve held interest rates steady, keeping 1 rate cut in play this year as uncertainty mounts.
The central bank voted in a split decision on Wednesday to hold its benchmark interest rate in the range of 3.5% to 3.75%. Fed governor Stephen Miran disagreed with the decision, preferring to cut rates by a quarter percentage point.
Fed officials acknowledged uncertainty emanating from the war in Iran, stating that “the implications of developments in the Middle East for the US economy are uncertain.”
Featuring:
– Jerome Powell, Federal Reserve Chair
– Jennifer Schonberger, Yahoo Finance Fed Correspondent
– Josh Lipton, Yahoo Finance Host
– Gregory Daco, EY-Parthenon Chief Economist
– Stephanie Aliaga, J.P. Morgan Asset Management Global Market Strategist
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