Fed forgoes interest rate cut as inflation lingers

Source: Washington Examiner · Bias: Center Right

Summary

The Federal Reserve voted Wednesday to hold its interest rate target steady as inflation remains elevated. After a two-day meeting in Washington, the Fed’s monetary policy committee announced it would hold its rate target at a range of 3.50% to 3.75%. Investors had expected that outcome, but President Donald Trump has pushed hard for more aggressive rate cuts. The central bank has not […]

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Fed forgoes interest rate cut as inflation lingers
Washington Examiner

Fed forgoes interest rate cut as inflation lingers

Center Right

The Federal Reserve voted Wednesday to hold its interest rate target steady as inflation remains elevated. After a two-day meeting in Washington, the Fed’s monetary policy committee announced it would hold its rate target at a range of 3.50% to 3.75%. Investors had expected that outcome, but President Donald Trump has pushed hard for more aggressive rate cuts. The central bank has not […]