The Federal Reserve holds interest rates steady, pointing to continued signs of a strong economy despite renewed pressure from Trump to make deeper cuts
Washington The Federal Reserve on Wednesday held interest rates steady despite renewed pressure from President Donald Trump to make deeper cuts.
Policymakers unanimously agreed to maintain rates hovering between 1.5% and 1.75% as they pointed to continued signs of a strong economy.Citing solid job gains and household spending that continues to rise moderately, Fed officials deemed plans to hold rates as"appropriate" following a two-day meeting in Washington.
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