The Federal Reserve holds interest rates steady: Here’s what that means for your money

Published Wed, Jan 29 20252:00 PM ESTUpdated Wed, Jan 29 20252:50 PM EST

By: Jessica Dickler

watch nowVIDEO06:00The Fed is clearly worried tariffs may be more inflationary than previously, says KPMG’s Diane Swonk

The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to run above the Fed’s 2% mandate.

The move comes after the central bank cut its benchmark interest rate by a full percentage point last year and in the wake of President Donald Trump’s comment during his first week back in office that he’ll “demand that interest rates drop immediately.”LEARN MORE…

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