After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.

Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a full percentage point in the final months of 2024. Whe

The Federal Reserve continues to hold interest rates where they are in January, with Fed Chair Jerome Powell later commenting that the central bank isn't in any hurry to adjust its fiscal policy plans for 2025.