US Federal Reserve keeps benchmark rate unchanged in 4.25-4.5% target range at Jerome Powell-led FOMC meet
Wednesday, 7 May 2025 () The US Federal Reserve faced a tough call on interest rates amidst President Trump's tariffs. With inflation slightly above the 2% target and economic growth slowing, the Fed had to decide whether to raise, hold, or cut rates.
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The Federal Reserve kept interest rates unchanged at its latest meeting this week, leaving the benchmark federal funds rate at a range of 4.25% to 4.5%. FOXNews.com