Federal Reserve holds interest rates as Trump piles on pressure
The Guardian – World —
Fed voted to pause interest rate cuts, which currently sit between 3.5% to 3.75%, after slashing it three times in the fallThe US Federal Reserve left interest rates unchanged after its first rate-setting meeting of the year on Wednesday, resisting enormous pressure from the White House to lower rates.A majority of members in the Fed’s federal open market committee (FOMC) voted to pause interest rate cuts after slashing rates three times in the fall. Rates currently sit at a range of 3.5% to 3.75%. Continue reading...