Federal Reserve Holds Interest Rates Steady, Awaiting Economic Signals

The Federal Reserve has chosen to maintain current interest rates, prompting a pause in the upward trend of borrowing costs and impacting markets globally. This decision by Chair Jerome Powell, announced on May 29, 2025, comes as economic data remains under scrutiny. The Fed’s decision to pause interest rate changes reflects its cautious approach towards financial stability, particularly as market volatility remains a key concern.