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Fed holds rates steady as it notes rising uncertainty and stagflation risk
The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy. In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market Committee held its benchmark overnight borrowing rate in a range between 4.25%-4.5%, where it has been since December. The post-meeting statement noted the volatility and how that is factoring into policy decisions. “Uncertainty about the economic outlook has increased further,” the statement ... (full story)
