Federal Reserve holds interest rates steady, but September decision could be different

The Federal Reserve left the benchmark federal funds rate unchanged Wednesday. Experts still believe the Fed's September meeting could lead to cuts. CBS News business analyst Jill Schlesinger and CBS News contributor Javier David break down the decision.

#news #money #sale

[PineroJ]

Funny how interest rates are steady now when we're getting closer to election

[jasen]

Don’t BS us saying inflation has dropped. No prices have dropped and pay hasn’t increased to make up the difference.

[jimbo]

They aren’t gonna cut rates folks. Hate to break it to you. Any cut will further devalue our currency.

[AltTab_Productions]

We should have made the Federal Reserve illegal years ago and not leave the nation's finances to a private company.

[Kenneth-oz]

I am still broke 50 hr week here in Ohio but happy you got steak and shrimp

[mrpoolplayer]

That means, anyone with a loan, is steadily getting robbed...

[bamagrl]

It's funny how the FED is saying we are still holding steady. My home insurance rates jumped over $1100 since I closed a year ago. I need to refinance so I can breathe. Drop the damn rates to at least 3%

[jimeagle]

After the past 5 years - aren't people finally tired of lIsTEniNg tO tHE
Thanks
~Jim Eagle

[timgraysontv]

I'm a lifelong Democrat, but I'm tired of this economy. I will vote for Trump in November 🗳

[joeshmoe]

The federal reserve along with corporate greed is what’s wrong with this country. Fix those problems and we will be living much better.

[hudsonfrank]

The count does not include the people that have given up on work and dropped off unemployment.

[Asilentobserver]

If they keep this up we may have to take notes from the Olympic opening show. Viva La resistance.

[NoManClatuer-pdck]

It's likely either they don't know and should, they do know and don't feel compelled to share that information with us all or they're withholding on purpose. Either way, is the current FedRes worthy of our trust?

[tomgrimm]

The rich are still spending... The rest of us are struggling to pay our bills. Rent is up, groceries are up, gas is up, utilities are up, interest rates are up. Some of us will probably end up homeless.

[edumacation]

The worst thing that can be done is a rate cut. We need the value of money to stay high so we need the rates to stay where they are at. Folks counting on a cut to afford more need to find ways to make more instead.

[CGF]

Yes wait until we’re in full recession to do ANYTHING.. lower the damn rates

[shaehatfield]

Can’t take the blatant ignorance of tank top lady

[shaehatfield]

Don’t bs us that high interest rates doesn’t negatively impact every segment of our economy. The cost of money is everything!!!

[GoUSA]

"Inflation is a good thing." Joe Biden aka Big Guy

[yodaleiheehu]

If the Fed cares at all about their job they ought to be increasing rates.