The Federal Reserve, as expected, held interest rates steady and stated that there are signs of stabilization in the unemployment rate.

Federal Reserve officials maintained interest rates unchanged, with the rate statement indicating improvements in the US economy and hinting at a more cautious approach to potential future rate adjustments. The Federal Open Market Committee voted 10-2 on Wednesday to keep the benchmark federal funds rate in the range of 3.5% to 3.75%. Board members Christopher Waller and Stephen Miller cast dissenting votes, advocating for a 25 basis point rate cut. In the post-meeting statement, policymakers stated that "job growth remains subdued, and there are signs of stabilization in the unemployment rate." Officials also removed the mention of increased downside risks to employment that appeared in the previous three statements. Despite continuous pressure from the Trump administration, the central bank's heightened assessment of the labor market could dampen market expectations for a near-term rate cut. Before the meeting started, investors believed that another rate cut was unlikely at least until June.