You can have the Newsbeat regularly delivered to your mailbox so you never miss any news. This is a free service -- you can unsubscribe any time. Enter your email address and click the submit button; then confirm your subscription from your email.

Fed leaves interest rates alone for now

The US Federal Reserve announced interest rates will remain steady at between 4.25 and 4.5% Wednesday, marking the central bank’s first rate decision of President Donald Trump’s second term.

The bank signaled it had no immediate plans to lower rates further amid increased economic uncertainty arising from Trump’s agenda.

“In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the (Fed) will carefully assess incoming data, the evolving outlook, and the balance of risks,” the central bank said in a statement.

“In the current condition, there’s probably some elevated uncertainty because of significant policy shifts,” the Fed’s Chair Jerome Powell said, though, he added, these concerns are likely “passing,” and economic forecasting should stabilize further into Trump’s term.

Source: federalreserve.gov

Subscribe
Notify of
guest
0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x