The Federal Reserve held interest rates steady in its latest meeting, indicating that it expects to make only one rate cut this year. This decision was seen as a surprise by many analysts, who had expected the Fed to cut rates further in response to the ongoing economic slowdown.The Fed’s decision to hold rates steady was driven by concerns about the potential impact of rate cuts on the economy. The central bank noted that the economy is still growing, albeit at a slower pace, and that rate cuts could exacerbate inflationary pressures.The decision to hold rates steady was also seen as a sign that the Fed is becoming more cautious in its monetary policy decisions. The central bank has been cutting rates aggressively in recent years, but it appears to be taking a more measured approach in response to the current economic conditions.
