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Story summary
- The U.S. Federal Reserve paused rate cuts after prior reductions amid rising inflation and higher energy costs from U.S. President Donald Trump’s Iran confrontation.
- Officials expect the policy rate to stay at 3.5%–3.75% at the upcoming meeting.
- Analysts now foresee rate cuts resuming in September rather than July, extending the pause.
- Former Fed economist Alan Detmeister says the central bank must balance inflation control with a fragile labor market.
