Fed Doesn’t Cut Interest Rates Again—Despite Trump’s Demands—As It Warns Of Higher Unemployment Risk
The post Fed Doesn’t Cut Interest Rates Again—Despite Trump’s Demands—As It Warns Of Higher Unemployment Risk appeared on BitcoinEthereumNews.com. Topline The Federal Reserve said Wednesday afternoon it won’t move interest rates, matching expectations from economists and investors for the central bank, despite repeated, loud requests from the Oval Office to slash rates. Fed Chairman Jerome Powell will talk to reporters Wednesday as Trump deems him a “major loser” and a … More “total stiff.” Getty Images Key Facts The Fed’s rate-setting Federal Open Market Committee released its decision to hold rates steady at 4.25% to 4.5% at 2 p.m. EDT Wednesday following its two-day monetary policy meeting. “The risks of higher unemployment and higher inflation have risen,” the committee said in a statement, judging, “uncertainty about the economic outlook has increased further” as tariffs shake the economy. Traders overwhelmingly expected the Fed to keep rates at the 4.25% to 4.5% range they’ve sat since December: Contracts linked to Fed policy bets priced in 98% odds of a hold, compared to a 2% chance of a 25 basis-point cut, according to CME Group’s FedWatch Tool, while economists at the three largest investment banks – J.P. Morgan, Goldman Sachs and Bank of America – all predicted the Fed will keep rates firm this week. “Our policy rate is in it is in a good place to stay as we await further clarity on tariffs,” Fed Chairman Jerome Powell told reporters Wednesday. Crucial Quote The Fed is in a “good place to wait and see” before moving on interest rates, Powell said Wednesday. “We don’t think we need to be in a hurry. We think we can be patient.” Fed Meeting This Week Follows Trump’s Threats To Fire Powell This week’s decision didn’t bring much in terms of fireworks, but President Donald Trump identified Powell as one of his top targets in the early days of the president’s second term as the…
The post Fed Doesn’t Cut Interest Rates Again—Despite Trump’s Demands—As It Warns Of Higher Unemployment Risk appeared on BitcoinEthereumNews.com.
Topline The Federal Reserve said Wednesday afternoon it won’t move interest rates, matching expectations from economists and investors for the central bank, despite repeated, loud requests from the Oval Office to slash rates. Fed Chairman Jerome Powell will talk to reporters Wednesday as Trump deems him a “major loser” and a … More “total stiff.” Getty Images Key Facts The Fed’s rate-setting Federal Open Market Committee released its decision to hold rates steady at 4.25% to 4.5% at 2 p.m. EDT Wednesday following its two-day monetary policy meeting. “The risks of higher unemployment and higher inflation have risen,” the committee said in a statement, judging, “uncertainty about the economic outlook has increased further” as tariffs shake the economy. Traders overwhelmingly expected the Fed to keep rates at the 4.25% to 4.5% range they’ve sat since December: Contracts linked to Fed policy bets priced in 98% odds of a hold, compared to a 2% chance of a 25 basis-point cut, according to CME Group’s FedWatch Tool, while economists at the three largest investment banks – J.P. Morgan, Goldman Sachs and Bank of America – all predicted the Fed will keep rates firm this week. “Our policy rate is in it is in a good place to stay as we await further clarity on tariffs,” Fed Chairman Jerome Powell told reporters Wednesday. Crucial Quote The Fed is in a “good place to wait and see” before moving on interest rates, Powell said Wednesday. “We don’t think we need to be in a hurry. We think we can be patient.” Fed Meeting This Week Follows Trump’s Threats To Fire Powell This week’s decision didn’t bring much in terms of fireworks, but President Donald Trump identified Powell as one of his top targets in the early days of the president’s second term as the…
What's Your Reaction?
