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US Fed holds interest rates steady, resists Trump’s pressure amid rising economic uncertainty

Invezz Wednesday, 7 May 2025 ()
US Fed holds interest rates steady, resists Trump’s pressure amid rising economic uncertaintyThe US Federal Reserve kept its benchmark interest rate unchanged on Wednesday, maintaining the range of 4.25% to 4.5% for the third consecutive meeting. The central bank’s decision comes in the face of mounting pressure from President Donald Trump, who has repeatedly demanded aggressive rate cuts to counterbalance the effects of his administration’s new wave […]
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Video Credit: ODN - Published
News video: Chancellor welcomes interest rate cut

Chancellor welcomes interest rate cut 00:30

Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report...

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