The Federal Open Market Committee (FOMC) concluded its latest meeting with a decision to hold interest rates steady, signaling a cautious approach amid mixed economic signals. While inflation remains above the Fed's 2% target, recent data shows signs of cooling. The committee emphasized its commitment to data-dependent decisions, keeping future rate cuts on the table. Markets responded with modest gains, reflecting investor optimism for a potential soft landing. Fed Chair Jerome Powell reiterated that while progress has been made, more evidence is needed before adjusting policy. All eyes now turn to upcoming economic reports for clues on the Fed’s next move.
