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Chip Somodevilla/Getty Images (WASHINGTON) — The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to the central bank, calling for a rate cut. The central bank has defied Trump’s public criticism for months, adopting a wait-and-see approach as central bankers observe the effects of tariffs. […]
Justin Sullivan/Getty Images (WASHINGTON) — The Federal Reserve decided to hold its benchmark interest rate steady on Wednesday, prolonging an aggressive fight against inflation despite fresh data hours earlier that showed a slight cooldown of price increases. At seven consecutive meetings spanning nearly a year, the Fed has opted to hold rates steady in response […]
Chip Somodevilla/Getty Images (WASHINGTON) — The Federal Reserve decided to hold its benchmark interest rate steady on Wednesday, postponing highly anticipated rate cuts as elevated inflation continues to burden U.S. households. The announcement arrives days after new government data showed that the economy is cooling off. The slowdown has coincided with a months-long stretch of […]
Official White House Photo by Adam Schultz (WASHINGTON) — The Biden administration has determined that three military battalions with the Israel Defense Forces committed “gross human rights violations” against Palestinian civilians in the West Bank but will remain eligible for U.S. military aid regardless because of steps Israel says it’s taking to address the problem, […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve held interest rates steady on Wednesday, opting to keep rates highly elevated as progress toward lower inflation has stalled. The move pushes back rate cuts that the central bank expects to make some time this year. The Fed Funds rate remains between 5.25% and 5.5%, matching its […]
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