#FOMCMeeting The Federal Open Market Committee (FOMC) held its latest meeting and decided to keep interest rates unchanged, signaling a cautious approach amid persistent inflation. While economic growth remains solid and the labor market strong, inflation has not yet cooled to the 2% target. The committee indicated that rate cuts are unlikely in the near term, with projections showing only one possible cut later this year. Officials emphasized the need for more data to confirm sustained progress on inflation. Markets reacted cautiously, with investors adjusting expectations for future monetary easing. The Fed reiterated its commitment to restoring price stability while supporting growth.