Fed keeps interest rates unchanged for fifth-straight time, resists Trump’s demand for sharp cut – The Economic Times Video todayheadline

The Federal Reserve held interest rates steady on July 30, keeping its benchmark rate at 4.25%-4.50% for the fifth consecutive meeting. Despite growing pressure from US President Donald Trump to cut rates, the Fed gave no clear signal of a shift in policy, citing elevated inflation and a strong labor market.

Show more Show less