US Fed Holds Rates, Signals Uncertainty

The US Fed kept rates unchanged at 4.25-4.5% and maintained projections for two rate cuts in 2025. Growth estimates were lowered, while inflation and unemployment forecasts rose. Despite a hawkish stance, S&P 500 gained 1%, and US 10-year yield eased to 4.25%. Market uncertainty remains high amid policy shifts and global liquidity concerns.