Daily Summary
The Federal Reserve kept its interest rates unchanged at 4.25% to 4.5%, even as some economists expect rate cuts could begin as soon as September. Market experts are divided on the decision, with optimism about softer inflation on one side and worries over ongoing trade disputes on the other. This uncertainty drove investors toward safe-haven assets, with gold prices nearly reaching $2,994 an ounce and increased buying of U.S. Treasury bonds.
Fed Maintains Rates Amid Economic Uncertainty as Markets Eye Future Cuts
The Federal Reserve kept interest rates steady amid economic uncertainty, with economists anticipating potential rate cuts as investors increasingly turn to safe-haven assets like gold and U.S. Treasury bonds.