The Fed Opts Not To Cut Interest Rates Again—Even As Trump Ups Attacks On Fed Boss Powell
1. Federal Reserve holds interest rates steady at 4.25%-4.5% despite Trump’s demands. 2. Projected unemployment and inflation rates are at multi-year highs. 3. Economic growth forecasted to decrease from 1.7% to 1.4% for Q4. 4. Goldman Sachs predicts inflation may rise to 3.3% by December. 5. Fed maintains expectation of two rate cuts this year despite bearish outlook.