The Fed holds interest rates steady again as trade tensions heat up

Jerome Powell announced the Fed will hold rates steady again in June.

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• The Federal Reserve held interest rates steady for the fourth time in 2025.
• Powell has signaled the Fed is waiting to see the impacts of Trump's tariffs before cutting rates.
• The FOMC penciled in two interest-rate cuts for 2025, depending on economic conditions.

America's interest rates will hold steady once again — and the Fed is keeping a close eye on President Donald Trump's trade war.