The Federal Reserve did exactly what Wall Street expected it to do on Wednesday: nothing. For the second meeting in a row—its second since President Trump began his second.
The Federal Reserve did exactly what Wall Street expected it to do on Wednesday: nothing. For the second meeting in a row—its second since President Trump began his second term—the central bank kept interest rates steady in a range of 4.25% to 4.5%, reports the New York Times. Officials lowered their forecasts for growth and raised them for inflation, but still forecast two quarter-point rate cuts this year. Analysts say the Fed, which raised interest rates to a 23-year-high to tackle inflation, then lowered them in its last three meetings last year, is in „wait-and-see“ mode with Trump’s economic policies, especially tariffs.
