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Federal Reserve Maintains Its Benchmark Interest Rate At June Meeting
In a move that may impact borrowing costs for businesses and consumers alike, the Federal Reserve has decided to keep its benchmark interest rate steady at today’s FOMC meeting. This marks a continuation of the central bank’s cautious approach as it assesses the effects of the Trump administration’s economic policies.
According to reports, the Fed will maintain the federal funds rate within its current range of 4.25% to 4.5%. This decision comes after the last rate cut in December 2024, when rates were reduced by 0.25 percentage points.
Source: www.cbsnews.com
