Fed Holds Steady Amid Inflation Concerns and Economic Uncertainty

TL;DR;

The Federal Reserve decided to hold interest rates steady for the third consecutive meeting, describing inflation as 'somewhat elevated' and expressing concerns over a murkier economic outlook with rising uncertainty. Policymakers are increasingly wary of a looming stagflation scenario, remaining watchful of threats to both price stability and employment, while brushing off pressure from Trump for rate cuts.