The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.

The Federal Open Market Committee (FOMC), the Fed’s 12-member policymaking panel, voted today to hold the Federal Funds Rate steady at 4.25% to 4.50%. This "wait-and-see" approach reflects a cautious stance in a post-pandemic economy marked by persistent inflation and ongoing geopolitical uncertainties, including trade wars.

T he Federal Reserve left its benchmark interest rate unchanged for the fifth straight meeting Wednesday amid tremendous pressure from President Donald Trump to reduce borrowing costs. For the first time since 1993, two of the seven members of the Fed’s board of governors dissented.