Reported about 21 hours ago
The Federal Reserve decided to keep interest rates steady while assessing the impact of President Trump's economic strategies. Officials are monitoring inflation and economic growth, with expectations to potentially lower rates later this year. Fed Chair Jerome Powell highlighted uncertainty driven by Trump's policies, which contribute to inflation forecasts and could affect future consumption and investment. While the labor market remains strong, sentiment surveys indicate rising concerns about the economy, complicating the Fed's outlook.
Source: YAHOO