9 outletseconomyfederal-reservejobs
Federal Reserve holds rates steady, flags softening in the labor market
Policymakers kept the benchmark rate unchanged and said a cooling jobs report has widened their view of the risks ahead.
First seen · 2:02 PM UTCApril 23, 2026
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1Left · 11%2Center-Left · 22%3Center · 33%2Center-Right · 22%1Right · 11%
Covering this story
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The New York TimesLeftThe New York Times CompanyFed holds rates steady, citing a jobs market that is coolingChair Jerome Powell said officials wanted more confirmation that the slowdown in hiring is durable before easing.6:12 PM UTC- CBS NewsCenter-LeftParamount GlobalFed pauses rates again; Powell points to softening labor dataThe decision keeps the federal funds rate in a target range of 4.25% to 4.50% for a fourth meeting in a row.6:18 PM UTC
- BloombergCenter-LeftBloomberg L.P.Fed holds steady, pointing to weaker payrolls in new statementThe FOMC maintained its target range and nodded to softness in the jobs data, tempering expectations for a June cut.6:07 PM UTC
BBC NewsCenterBritish Broadcasting CorporationFed holds rates but warns over cooling US jobs marketCentral bank leaves its key rate unchanged for a fourth meeting, flagging softer hiring as a risk to growth.6:22 PM UTC- ReutersCenterThomson ReutersU.S. Fed keeps rates unchanged, signals caution as jobs data weakensOfficials cited softer payrolls and weaker wage growth in the statement, while stopping short of telegraphing cuts.6:03 PM UTC
- Associated PressCenterAssociated PressFed holds interest rates steady; Powell says labor market has softenedFed chair Jerome Powell said hiring had slowed enough to justify patience on any rate cut, even as inflation stays above target.6:01 PM UTC
- The EconomistCenter-RightThe Economist GroupAmerica's Fed holds the line as the jobs picture cloudsOfficials kept rates steady and pointed to softer payrolls, in a statement that leaves cuts later in the year on the table.7:30 PM UTC
- The Wall Street JournalCenter-RightNews CorpFed keeps rates on hold as labor market loses momentumPolicymakers flagged a more balanced set of risks, with hiring slowing even as inflation stays sticky.6:05 PM UTC
- Fox NewsRightFox CorporationFed leaves rates unchanged as Powell concedes labor market coolingCentral bank keeps borrowing costs elevated for a fourth straight meeting, citing slower hiring and sticky inflation.6:15 PM UTC
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