US Fed continues pause on rates, dims outlook

(Image: Getty)

Thu, 20 Mar 2025

By Nick Timiraos The US Federal Reserve has extended its wait-and-see posture on interest rates while marking up its forecasts for inflation and revising down its outlook for growth this year.The central bank held steady its benchmark federal funds rate at around 4.3% at its policy meeting.New economic projections showed 11 of 19 policymakers expect the Fed to cut rates at least twice this year, a narrower majority than the 15 officials who in December had pencilled in at least two cuts.Officials indicated they expected inflation to rise t...

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