Fed Holds Rates Steady Despite Inflation and Job Fears

The U.S. Federal Reserve has opted to keep interest rates at 4.25%-4.50%, citing concerns about rising inflation and unemployment alongside a worsening economic outlook. The decision, announced after the FOMC’s two-day policy meeting on Wednesday, follows an extended pause in monetary easing for the third consecutive time. New tariffs implemented under the Trump administration are adding to the economic uncertainty.