The Federal Reserve kept their interest rates unchanged in yesterday's meeting, bringing a pause to cuts after a series of continuous cuts towards the end of 2025.
Fed Chair Jerome Powell noted that policymakers would need greater confidence that inflation was moving closer to their 2% target.
Powell's decision to keep rates on hold this time around provides more evidence of a central bank which is increasingly cautious but also internally divided on what the path for rate decisions look like. Aside from this, markets are still expecting the Federal Reserve to keep rates unchanged in the near term but to see through two interest rate cuts later this year.
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