The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
(Image credit: Chip Somodevilla)
Fed holds interest rates steady, taking a pause from rate cuts to assess the economy
The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
Image: NPR Business
Originally published at NPR Business
