Even though 2025 has only just begun, there are already big changes unfolding that could impact your wallet. Here are some of the main financial headlines so far, and what they might mean for you:

Federal Reserve Holds 2025 Rates Steady

At the Fed’s end of January meeting, they opted to keep the federal rates where they are instead of implementing another cut. Currently, the federal funds rate is at 4.25 percent to 4.50 percent.

The Fed also said they plan to wait until Q2 to consider making another cut, and do not intend to drop rates more than half a percentage point this year. That decision is a departure from their announcement at the September meeting to cut rates a full percentage point in 2025. 

Federal Reserve Chair Jerome Powell said that the economy is in a good place right now, and with inflation rates creeping back up, there

Keep reading this article on Your Richest Life , Katie Brewer - Blog.

Leave a Reply