US Fed leaves interest rates unchanged amid economic uncertainty | Inflation

The central bank held rates steady despite backlash from US President Donald Trump.

The United States Federal Reserve has left its benchmark rate unchanged despite mounting pressure from President Donald Trump to cut rates.

On Wednesday the Fed said it will leave its short term rate unchanged at 4.25 percent to 4.5 percent.

The central bank’s decision was largely in line with expectations and it has not cut interest rates since December.

The decision comes as policy makers weigh signs of a…