Yesterday brought the first policy decision of 2025 for The Federal Reserve, and despite pressure from Donald Trump last week stating interest rates should be lower, the central bank opted to keep rates on hold.
This was mainly due to inflation continuing to remain elevated, whilst also removing themselves from earlier comments about inflation progressing toward their 2 per cent target.
In the background there is also uncertainty over the economic effect from Donald Trump's pending trade tariffs which are set to be implemented this coming Saturday. In particular, with potential 25% tariffs to be placed on Mexico and Canada, both being two of America's largest trading partners.
CLICK HERE to read more.
