The Federal Reserve left interest rates unchanged Wednesday as it began a new wait-and-see policy stance amid a cloudy economic outlook and uncertainty over whether some of President Donald Trump’s policies could stymie the fight against inflation.
The Federal Reserve withdrew from a central-bank climate coalition this month because its work veered outside the Fed's focus on price stabi
All eyes were on the Federal Reserve’s first policy update of the new year on Wednesday, but the Bank of Canada also drew its fair amount of attention.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.
The Fed signaled as much at its last meeting in December, when the central bank delivered an interest cut, but hinted that it would take its foot off the gas. Stocks tumbled on the news, and it was one of the worst days of the year for the market.
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.
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A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.
The Federal Reserve held interest rates steady and signaled a “wait and see” approach as uncertainties remain. Click to read.