The Federal Reserve maintains interest rates unchanged and no longer mentions the "progress" of inflation in its policy statement

Odaily Planet Daily News: The Federal Reserve maintains interest rates unchanged, with little insight into when it will further reduce borrowing costs in economies where inflation remains above target, growth continues, and unemployment rates are low. Federal Reserve officials have stated that they generally believe progress in reducing inflation will resume this year, but have now suspended interest rate cuts and are awaiting data confirmation. Officials say they want to see if inflation continues to fall to the Federal Reserve's target level in the coming months before easing monetary policy again, while also expressing uncertainty about the impact of Trump's plan on price pressures, labor markets, and economic growth. (Golden Ten)