#FOMCMeeting the Federal Reserve opted to keep interest rates steady, signaling a cautious approach amid persistent inflation concerns. While recent data showed signs of cooling inflation, the Fed emphasized the need for greater confidence that price pressures are sustainably easing before considering rate cuts. The committee maintained its stance of data dependency, with Chair Jerome Powell reaffirming the Fed’s commitment to achieving its 2% inflation target. Market participants are now closely watching upcoming economic indicators for clues on the timing of potential policy shifts later this year.