The United States Federal Reserve on Wednesday held interest rates steady and warned of growing risks to its inflation and employment objectives, in what appeared to be a veiled reference to President Donald Trump’s tariff policies.

Policymakers voted unanimously to maintain the central bank’s benchmark lending rate at a range of 4.25% to 4.50%. In its statement, the Fed noted that “swings in net exports” had not significantly affected overall economic activity — a likely allusion to the spike in imports during the first quarter ahead of expected tariff increases.

Details to follow…

May 07, 2025 09:09 PM GMT+03:00