Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment
- Posted on May 6, 2025
- By Bing News
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Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment
WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen. The Fed kept its rate at 4.3% for the third straight meeting, after cutting it three times in a row at the end o...