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After several months in which inflation data have largely moved sideways, the U.S. central bank dropped from its latest policy statement language saying that inflation "has made progress" towards the Fed's 2% inflation goal. The Fed is now in a holding pattern as officials await further inflation and jobs data and clarity on the impact of President Donald Trump's policies.

The Federal Reserve's policy committee voted to hold its key interest rate steady Wednesday. Stubborn inflation and a resilient labor market in recent months have curbed the central bank's appetite for more rate cuts.

Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.

(Bloomberg) -- Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday:Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersManhattan’s Morning Commute Time Drops With New Congestion Toll Federal Open Market Committee votes unanimously to maintain benchmar

Tax cuts, deregulation, and protectionist policies, sounds like a deal for the domestic economy. But it could upset the balance of things.

Central bank policymakers, in a unanimous decision, paused monetary easing while noting that inflation remains above their 2% target.

U.S. stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom. The S&P 500 was down 0.2% in morning trading on a packed day, which will also include earnings reports from influential companies like Microsoft, Meta Platforms and Tesla after trading closes. Nvidia has been at the center of Wall Street’s action this week after a Chinese upstart, DeepSeek, said it developed a large-language model that can compete with the world’s best without having to use Nvidia’s top chips.