Fed gives interest rates update after Wall Street crash...here's what it means for your 401(k), mortgage and car loan

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Fed gives interest rates update after Wall Street crash...here's what it means for your 401(k), mortgage and car loan

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The Federal Reserve has held interest rates steady, but said it still plans to cut them twice later in 2025. But officials said they inflation is still not under control, and they also revised down growth forecasts - in both cases blaming Trump's policies such as tariffs. The central bank's decision keeps the benchmark rate between 4.25 percent and 4.5 percent, as analysts expected. Powell indicated that, despite fears of inflation caused by tariffs, the Fed would stick to its plan to cut rates twice this year.
Read More >> Full Article on Source: ALPHA MAG
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