The Federal Reserve left its benchmark policy rate unchanged, keeping borrowing costs at their current level while it waits for more evidence that inflation is durably easing. Officials repeated that decisions will stay "data-dependent," signalling patience rather than a pre-set path toward cuts.
The steady stance leaves the door open to easing later in the year if price growth continues to cool, but policymakers were careful not to commit. Rate-sensitive assets — from Treasuries to growth equities — take their cue from exactly this kind of guidance.
Why it matters: The pace of future cuts, not this hold, is what will reprice bonds and equities in the months ahead.
Written by AI from the linked reports below — original text, not copied from any source. Informational only, not investment advice; verify against the originals.