The US central bank has left interest rates unchanged again, despite pressure from President Donald Trump to lower borrowing costs.
The decision keeps the Federal Reserve’s influential lending rate hovering around 4.3%, marking the third announcement in a row without action.
A cut could boost the economy after Trump’s barrage of tariffs raised uncertainty, hitting trade and investor confidence.
Trump has pushed the Fed to cut rates, but the bank – which is set up to make policy independent of the white House – has said it will be patient.