The Federal Reserve on Wednesday remained in a holding pattern on interest rates, while warning about more uncertainty in the economic outlook and higher risks of unemployment and inflation in the new high-tariff U.S. economy.
Federal Reserve officials left the benchmark federal funds rate unchanged during today's policy meeting, even after the U.S. economy shrank during the first quarter.
China's central bank acted shortly after news that officials from China and the Trump administration will hold their first formal trade talks since the punishing tariffs began.
