Federal Reserve Keeps Interest Rates Steady

This marks the fifth consecutive meeting where the central bank has opted not to raise or cut its interest rate.

The federal reserve decided to keep interest rates the same at a meeting held Wednesday.

Markets surged and closed at all-time highs after the federal reserve held its benchmark rates at 5.25%.

This marks the fifth consecutive meeting where the central bank has opted not to raise or cut its interest rate.

Officials said they are not confident enough to make cuts just yet but suggested they still expect to cut rates three times this year.

While the central bank’s 11 recent rate increases have succeeded in bringing down inflation, Americans are struggling to keep up.