The Federal Reserve held interest rates steady in June, maintaining its target range of 4.25%–4.50%.
Officials are cautious amid Trump’s tariffs and Middle East tensions, opting to observe policy impacts.
Most Fed members expect two rate cuts in 2025, but some foresee fewer or no cuts.
Lower rates may help borrowers but reduce savings returns; higher rates offer opposite financial effects.
The next rate decision is due July 29–30, with no immediate cut currently expected.