Fed holds interest rates for fourth time despite tariff turmoil

The Federal Reserve decided to maintain its key interest rate for the fourth consecutive time, despite concerns over the impact of tariffs and slowing economic growth. The decision comes amidst calls from President Trump to lower interest rates and ongoing tariff disputes. Fed officials anticipate a potential rise in inflation due to import taxes, but believe it's currently appropriate to keep rates steady, given the solid economy and low unemployment rate. Financial projections suggest expectations for slower growth and higher inflation, with interest rates forecasted to decrease slightly in 2025, but rise in the following years.