The Federal Reserve announced it would maintain interest rate

The Federal Reserve announced it would maintain its benchmark interest rate, citing uncertainty in the economic outlook. Despite concerns about slowing economic activity, the Fed noted solid growth and low unemployment. Two members of the rate-setting panel voted in favor of lowering rates, a rare dissent. The Fed will keep the federal funds rate at 4.25% to 4.5%, with economists predicting a 63% chance of a rate cut in September. The decision reflects the Fed’s cautious approach amid concerns about the impact of tariffs on inflation.

Source: https://www.cbsnews.com/news/federal-reserve-meeting-today-fed-fomc-interest-rate-trump-powell