Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.

The first Federal Open Market Committee meeting of 2025 is here. The Federal Reserve's policymaking arm concludes its two-day meeting that began on Tuesday and delivers a decision on interest rates later today.

The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday at the range of 4.25%-4.5% after three consecutive cuts.