Fed’s Rate Pause Continues, Powell Sends Mixed Signals: What Economists Predict Comes Next

In a widely expected move, the Federal Reserve announced its decision to keep the federal funds rate within the range of 5.25% to 5.5%, marking the second consecutive rate pause.

Fed Chair Jerome Powell delivered mixed signals during his press conference. On one hand, he dismissed speculations of rate cuts, as he cautioned there is still a long way to go before inflation reaches the Fed’s target of 2%.