Fed rate

The inflation rate has been declining since the high of 9.1% on June 2022 to the present 2.9%. Over this time the fed rate has been coming down. It held steady from July 2023 to Sept 2024 at 5.38%. Then the fed cut the rate to 4.88% following up in Nov 2024 to 4.63 then 4.38% in Dec of 2024. Since inflation is still on the decline the fed was expected to cut another .25% but they held steady.