Reported about 15 hours ago
Fed Chair Jerome Powell reaffirmed the central bank's decision to maintain interest rates between 4.25% and 4.50%, resisting pressure from President Trump for a rate cut. In a press conference, Powell emphasized the need for a cautious 'wait and see' approach in light of uncertainty surrounding Trump's tariffs, stating that significant changes to policy are not necessary at this time. Analysts suggest that without a rate cut this year, the opportunity may be lost as inflation concerns rise.
Source: YAHOO