#PowellRemarks Rates Held Steady

The Fed kept the federal funds rate at 4.25–4.50%—the fourth hold of the year—while still projecting two rate cuts later in 2025, though the exact timing remains uncertain wsj.com+2businessinsider.com+2federalreserve.gov+2politico.com+5reuters.com+5washingtonpost.com+5.