The Federal Reserve keeps interest rates unchanged and no longer mentions "progress" on inflation in its policy statement

ChainCatcher message, the Federal Reserve keeps interest rates unchanged, providing little insight into when borrowing costs might be further reduced in an economy where inflation remains above target, growth continues, and unemployment is low.

Federal Reserve officials stated that they essentially believe progress in reducing inflation will resume this year, but they have now paused rate cuts, waiting for data confirmation. Officials expressed that they want to see whether inflation continues to decline to the Federal Reserve's target level in the coming months before easing monetary policy again, while also being uncertain about the impact of Trump's plans on price pressures, the labor market, and economic growth. (Jin Ten)