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Why did the Fed keep interest rates steady for 5th straight time?

By Home - CBSNews.com Jul 30, 2025 | 8:30 PM

The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News’ Kelly O’Grady and Olivia Rinaldi have the latest.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM