6%. The decision comes after three consecutive quarter-point cuts last year, which were aimed at supporting economic growth.
Fed Chair Jerome Powell has stated that the Fed was 'well positioned to wait and see how the economy evolves' before making any further moves. 5 billion building renovation, making it the first time a sitting Fed chair has been investigated.
The Justice Department has subpoenaed the Fed as part of this probe, prompting an unusual public rebuke from Powell. Despite this, Powell is expected to emphasize that the Fed's decisions on interest rates are driven by economic concerns rather than politics.
Experts believe that the Fed will consider its interest rate policies in a similar manner to how it always does, with a focus on the state of the economy. The meeting is one of eight the Fed holds each year and will be closely watched by market analysts and investors.
The outcome of this week's meeting will have significant implications for the US economy and financial markets, making it a crucial event in the ongoing interest rate debate.
The Federal Reserve's decision to keep interest rates unchanged is likely driven by a desire to maintain economic stability, rather than appease political pressure. The Fed's focus on economic concerns will be crucial in navigating this sensitive period.
