The Federal Reserve held interest rates steady on Wednesday, a decision that capped a sharp reversal in market expectations that had once favored an early 2026 rate cut. "Job gains have remained low, and the unemployment rate has shown some signs of stabilization," said the central bank in its policy statement. "Inflation remains somewhat elevated." There were two dissents to the decision to hold policy steady, with recent Trump appointee Stephen Miran and Chris Waller — reportedly in the running to rep ...