Feds Decide To Keep Benchmark Rate Steady

The pause marks a temporary halt to the Fed's goal to cut rates, which started in September.

The Federal Reserve made a decision regarding interest rates Wednesday.

The Fed held its benchmark rate steady at its current range between 4.25 and 4.5%.

The pause marks a temporary halt to the Fed’s goal to cut rates, which started in September.

The rates have since went down by one percentage point after reaching high marks in relation to extreme inflation over the past few years.

Despite the current pause on cutting rates, the Fed still has a goal to reach 2%.