The U.S. central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view,

Despite holding the policy rate target steady, the median projection for the policy rate suggests the Fed is likely to begin cutting rates later this year. Click to read.

Federal Reserve Chair Jerome Powell explains the reasoning behind the central bank's decision to maintain current interest rates, citing both economic strengths and uncertainties. Cleveland Fed leader talks leading indicators of the economy Small business owners navigate tricky borrowing climate Small business owners navigate tricky borrowing climate Companies brace for higher costs,