Reported about 22 hours ago
The Federal Reserve has decided to keep interest rates steady between 4.25% and 4.5%, as it monitors the effects of President Trump's trade policies on the U.S. economy. While acknowledging rising risks of stagflation—higher unemployment coupled with inflation—Fed Chair Jerome Powell noted that the labor market remains strong, allowing for a cautious wait-and-see approach. Economists express concern that ongoing economic uncertainties may prompt a downturn in consumer sentiment and spending, complicating the Fed's decision-making process.
Source: YAHOO