Tag: US fed rate

“Terrible Job:” Trump Slams US Fed After It Pauses Rate Cuts

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“Terrible Job:” Trump Slams US Fed After It Pauses Rate Cuts

The US Federal Reserve is in no “hurry” to adjust interest rates again, the central bank’s chair Jerome Powell said Wednesday, after policymakers voted to pause rate cuts in the first decision since Donald Trump’s White House return. The Fed’s rate-setting committee voted unanimously to keep the bank’s benchmark lending rate at between 4.25 percent…

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US Holds Interest Rates At 23-Year High, To Make Cuts Later This Year

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US Holds Interest Rates At 23-Year High, To Make Cuts Later This Year

All three major indices on Wall Street closed at new records. The US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year. The news sent US markets higher, as traders cheered the central bank’s affirmation that…

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