{"id":1004762028,"date":"2025-06-18T11:15:15","date_gmt":"2025-06-18T19:15:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004762028"},"modified":"2025-06-19T00:53:22","modified_gmt":"2025-06-19T08:53:22","slug":"fed-waits-on-interest-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fed-waits-on-interest-rate-cuts\/","title":{"rendered":"Fed Waits on Interest Rate Cuts"},"content":{"rendered":"\n<p>The Federal Reserve has again declined to adjust the benchmark federal funds rate, the central bank announced on Wednesday. The range of the rate will remain at 4.25 percent to 4.5 percent, where it has been since December, the central bank announced on Wednesday following the meeting of the Federal Open Market Committee.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d1969d8b9d&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img decoding=\"async\" data-attachment-id=\"1004762034\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fed-waits-on-interest-rate-cuts\/fed-chair-jerome-powell_courtesy-of-the-federal-reserve-bank\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Fed-Chair-Jerome-Powell_courtesy-of-the-Federal-Reserve-Bank-e1750272078407.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;Britt Leckman - Federal Reserve&quot;,&quot;camera&quot;:&quot;NIKON Z 9&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1746643509&quot;,&quot;copyright&quot;:&quot;US Government Work&quot;,&quot;focal_length&quot;:&quot;150&quot;,&quot;iso&quot;:&quot;360&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Fed Chair Jerome Powell_courtesy of the Federal Reserve Bank\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Fed will keep rates unchanged, Fed Chair Jerome Powell said.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Fed-Chair-Jerome-Powell_courtesy-of-the-Federal-Reserve-Bank-e1750272078407.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Fed-Chair-Jerome-Powell_courtesy-of-the-Federal-Reserve-Bank.jpg\" alt=\"Silver-haired man in blue suit and tie standing on podium behind American flags and Federal Reserve flags\" class=\"wp-image-1004762034\" style=\"width:400px\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Federal Reserve Chair Jerome Powell cited uncertainty as reason for the Fed&#8217;s cautious approach. <em>Photo courtesy of the Federal Reserve<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>That rate is lower than it was last year\u2014 peaking at 5 percent to 5.5 percent last summer\u2014but elevated compared to most of the last decade, when the rate was effectively zero for long periods. <\/p>\n\n\n\n<p>Today&#8217;s announcement signals that the Fed is continuing its cautious approach to monetary policy. In March, Fed Chair Jerome Powell cited uncertainty about the impact of the administration&#8217;s economic policies as a reason for caution. He reiterated that approach on Wednesday.&nbsp;<\/p>\n\n\n\n<p>Even so, the Fed indicated again that it would lower its benchmark lending rate by half a percentage point sometime in 2025, provided conditions warrant the move. President Trump has been pressing the central bank to lower the benchmark rate. The next FOMC meeting will be July 29-30.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-keeping-options-open\">Keeping options open<\/h2>\n\n\n\n<p>In its announcement, FOMC was noncommittal about the timing of any future rate changes. &#8220;In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the committee will carefully assess incoming data, the evolving outlook, and the balance of risks,&#8221; FOMC said.<\/p>\n\n\n\n<p>FOMC also said that the economy is expanding at a &#8220;solid&#8221; pace, but that inflation was &#8220;somewhat elevated.&#8221;<\/p>\n\n\n\n<p>The non-movement by the Fed wasn\u2019t a surprise to observers, since the market had predicted only a 0.2 percent probability of a\u00a0rate\u00a0cut, noted Aaron Jodka, director of research for U.S. capital markets at Colliers.<\/p>\n\n\n\n<p>&#8220;A 25-basis-point reduction, while unexpected, would have eased borrowing costs for lending tied to SOFR,\u201d Jodka told <em>Commercial Property Executive<\/em>. \u201cMany market participants are focusing on the movement of the 10-year Treasury&nbsp;rate.\u201d<\/p>\n\n\n\n<p>As of Wednesday, the yield on the 10-year was about 4.375 percent, up slightly from a year ago, but more considerably from a recent low of 3.62 percent last September.<\/p>\n\n\n\n<p>\u201cI anticipate the Fed to remain data-dependent and remain in a holding pattern to gauge the health of the labor market and trajectory of inflation,\u201d Jodka said.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The central bank continues to leave the door open for adjustments later this year. <\/p>\n","protected":false},"author":1023,"featured_media":1004762034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,23891,21742],"tags":[],"class_list":["post-1004762028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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