Fed leaves rates unchanged, sticks with single cut in 2026 despite higher inflation

Fed leaves rates unchanged, sticks with single cut in 2026 despite higher inflation

<![CDATA[ Fed Chair Jerome Powell said “higher energy prices will push up overall inflation,” but rate cuts are still expected. ]]>

In a press conference following the outcome of the FOMC meeting, Fed Chair Jerome Powell reiterated the uncertainty the war creates for the outlook. "In the near term, higher energy prices will push… [+1708 chars]