The bank’s Monetary Policy Committee was divided on whether to cut interest rates
Economists now think the rate could stay at 2% for months — and possibly into 2027
Prescribed rate to remain at 3% for third consecutive quarter
Government shutdown has markets, the Fed, looking for alternative data
Central bank signals readiness to support growth amid softer economic data
Prices rise modestly as U.S. consumer spending shows gains
Stephen Miran calls for a benchmark rate closer to 2.5%
Decision comes as inflation stays above the 2% target
Home owners with variable mortgages expected to see a swift reduction in monthly payments
Governing Council cites a weaker economy and less upside risk to inflation as it cuts policy rate by 25 basis points