Federal Reserve Holds Rate Steady
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federal funds rateCBS News
•Business
Business & Economics
Federal Reserve holds its benchmark interest rate steady at today's FOMC meeting

85% Informative
Federal Reserve holds its benchmark interest rate at 4.25% to 4.5% .
The rate has remained at that level since President Trump took office in January .
The last time the Fed cut rates was in December 2024 , when it trimmed rates by 0.25 percentage points.
A higher benchmark rate can make borrowing more expensive for businesses and consumers.
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