top
Fed leaves interest rates unchanged in defiance of Trump’s calls for cuts
Why this matters: a developing story that could shape the day's news cycle.
Fed officials cite elevated inflation, slow job growth and uncertainty in Middle East as reasons for holding rates Sign up for the Breaking News US email to get newsletter alerts in your inbox The US Federal Reserve left interest rates unchanged after its latest board meeting, defying once again Donald Trump’s call for a cut as the central bank prepares for a leadership shake-up next month.On Wednesday, Fed officials continued to cite elevated inflation, slow job growth and uncertainty in the Middle East as reasons why rates were left untouched. Continue reading...
Article preview — originally published by The Guardian. Full story at the source.
Read full story on The Guardian →
More top stories
Also covered by
The Hill
Trump warns of more cuts following withdrawal of 5,000 US troops from Germany
Yahoo Finance
Mortgage and refinance interest rates today, May 3, 2026: Looking back at April rates to see what's ahead
Yahoo Finance
Best high-yield savings interest rates today, May 3, 2026 (Earn up to 4.1% APY)
ARY News
Iran calls Trump’s piracy boast ‘direct admission’ of criminal blockade
Aggregated and edited by the Scoop newsroom. We surface news from The Guardian alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop