The Fed's stance on interest rates remains unchanged

At the recent FOMC meeting, the Federal Reserve decided to keep interest rates stable. Fed Chair Jerome Powell stated that while the economy is showing moderate growth, it is too early to consider further rate hikes. The Fed remains committed to achieving its inflation target of 2% but acknowledged that it may take until 2025 to reach that goal. Powell emphasized that the central bank will closely monitor economic data and make decisions based on data-driven insights. Overall, the Fed's message was one of caution and a commitment to maintaining accommodative monetary policy.