Fed holds key interest rate steady among rising inflation and fears of a global trade war
by Jim Puzzanghera, Los Angeles Times
May 02, 2018
2 minutes
WASHINGTON - Federal Reserve officials on Wednesday held their key interest rate steady despite rising inflation and fears of a global trade war triggered by President Trump's tariffs.
After a two-day meeting, Fed monetary policymakers voted 8-0 to keep the central bank's benchmark short-term rate at between 1.5 percent and 1.75 percent even as they noted inflation
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