#FedHODL Federal Reserve Chair Jerome Powell announced that the Federal Open Market Committee (FOMC) decided to maintain the federal funds rate at its current range of 4.25% to 4.50%. This decision follows three consecutive rate cuts in previous meetings. Powell emphasized that the Fed is in "no hurry" to cut rates further, indicating that any future rate adjustments would depend on significant progress in reducing inflation or a notable weakening in the job market.