Fed keeps rates unchanged as Trump tariffs, economic concerns loom

(The Hill) — The Federal Reserve held interbank lending rates steady on Wednesday at a range of 4.25 to 4.5 percent despite some signs that the economy may be heading for a slowdown.The decision to keep rates where they are was in line with market expectations. The CME FedWatch prediction algorithm based on futures contract prices registered on Wednesday a 99 percent probability that the Fed would hold rates steady.The Fed has paused rate cuts for the second straight meeting since January.