US Federal Reserve holds rates steady, warns of higher unemployment | Business and Economy News

The central bank will hold steady amid economic uncertainty driven by tariffs.

The US Federal Reserve has kept interest rates unchanged, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.

The Central Bank kept its benchmark rate at 4.25 percent to 4.5 percent, where it has been since December, after cutting it three times in a row at the end of last year. Its vote to hold rates steady was…