The Federal Reserve (Fed) has opted to keep interest rates unchanged at the meeting held on May 6-7, continuing a trend of maintaining stability in the face of ongoing inflation. This marks the third consecutive time that rate adjustments have been delayed. Chair Jerome Powell highlighted the need for continued caution and monitoring as inflation remains stubbornly high despite slight improvements. He emphasized the Fed’s commitment to ensuring economic conditions are well-controlled before considering any interest rate changes. While some positive indicators emerged, such as a reduction in March’s price dip of 0.1%, Powell indicated that significant progress on reducing inflation is yet to be achieved, emphasizing the potential for risks if rates are cut prematurely.