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Originally published by Capital Businessbusiness
June 19, 2025
2mo ago
Fed holds interest rates for fourth time despite tariff turmoil
JUNE 19 - People and businesses in the US have faced a whirlwind of policy change in recent months. But one thing has remained fixed: borrowing costs set Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Federal Reserve has kept its key interest rate unchanged at **4.3%** for the fourth consecutive time, despite worsening economic forecasts. This decision reflects ongoing concerns over inflation and economic growth.
- Inflation remains above the Fed's target at **2.4%** as of May.
- President Donald Trump criticized Fed chair Jerome Powell and urged for rate cuts.
- Projections indicate economic growth may slow to **1.4%** this year, and unemployment could rise to **4.5%**.
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