The unanimous decision to stand pat will keep rates at 4.25% to 4.5%. Rates have been there since December after a series of cuts in the second half of 2024.
US stocks today: S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising