Divided Fed holds key interest rate steady, defying Trump's demands for aggressive cuts
1. Federal Reserve holds interest rates at 4.25%-4.5%, divided vote 9-2. 2. Two Fed governors dissented, pushing for rate cuts amid easing inflation. 3. GDP grew at 3% in Q2, suggesting economic strength despite concerns. 4. Markets anticipate potential rate cuts in September based on economic data. 5. Trump criticizes Fed and calls for significant rate reductions to aid economy.