Fed Holds Rates Steady

“Federal Reserve officials left the door open to cutting interest rates in the second half of the year when they agreed to hold rates steady Wednesday,” the Wall Street Journal reports.

“President Trump pre-emptively blasted the widely anticipated rate decision earlier in the day and called for much more dramatic cuts of between 1 and 2.5 percentage points. The Fed left its policy rate in a range between 4.25% and 4.5%.”