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The Federal Reserve voted to hold interest rates steady at 4.25%-4.5%, maintaining a cautious approach as recession fears grow. Despite pressure from President Trump to cut rates, Fed Chair Jerome Powell confirmed plans for potential cuts later this year. Trump’s prior threats to replace Powell have resurfaced amid this bold Fed move. Recent inflation and job reports exceeded expectations but signaled ongoing uncertainty. Consumer prices rose 2.4% YoY, while unemployment held at 4.2%. Markets reacted mildly, with the S&P 500 and Nasdaq posting small gains. The Fed remains focused on balancing inflation control with labor market health.
#FedHolds #RatesSteadyAmid #TrumpTensions #cisnewsstudio1s
