Federal Reserve Halts Interest Rate Reductions Amidst Strong Economic Indicators
The Federal Reserve has halted interest rate cuts for the first time since July, reflecting the robust state of the U.S. economy and a cautious stance against inflation. Holding the federal funds rate steady between 4.5% and 4.75%, the decision was widely expected by financial markets. This pause underlines the Fed's vigilance in balancing economic growth with inflation control, highlighting the resilience of the economy and the persistence of low unemployment.