The Federal Reserve has decided to keep its benchmark interest rates unchanged at the range of 4.25% to 4.50%. This decision was confirmed at the Federal Open Market Committee (FOMC) meeting in late July 2025, continuing the steady rate policy maintained since at least June 2025. The Fed's median forecast still anticipates a total of 50 basis points of rate cuts over the course of 2025, but no immediate changes were made. The move reflects the Fed's cautious approach amid ongoing economic conditions, opting to hold rates steady for the fourth consecutive meeting.