The Federal Reserve, as was widely expected, has hit pause on interest rate cuts despite pressure from the Trump administration. After cutting its key rate at three consecutive.
The Federal Reserve, as was widely expected, has hit pause on interest rate cuts despite pressure from the Trump administration. After cutting its key rate at three consecutive meetings, the central bank held the rate at 3.5-3.75% Wednesday, CNN reports. „Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization“, the Fed said in a statement.
