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Jerome Powell-Led Fed Has Left Interest Rate Unchanged: What Does It Mean For Savings, Mortgages, Credit Cards And Your Bank Account
Thursday, June 19, 2025 - 3:29am | 444The Federal Reserve left its benchmark rate unchanged at 4.25%-4.50% for a sixth straight meeting and Chair Jerome Powell signaled no near-term cuts despite mounting White House pressure. While traders still price in two quarter-point reductions later this year, the Fed's pause keeps borrowing...