The post The Federal Reserve keeps interest rates steady at 4.25% to 4.5% appeared on BitcoinEthereumNews.com.

The Federal Reserve held its benchmark interest rate steady again on Wednesday, leaving the federal funds rate locked in the same target range of 4.25% to 4.5% where it’s been since December. No surprise there, markets already priced that in. But anyone waiting for a cut, including Donald Trump, isn’t getting one anytime soon. Trump, who’s repeatedly pushed the Federal Reserve to lower rates, will now have to wait until the next Federal Open Market Committee meeting in September for any potential change. “They should’ve cut by now,” he’s said more than once. But the central bank isn’t biting. Powell holds back on rate cuts as tariff impact looms Jerome Powell pointed directly at the risk from Trump’s tariffs as a key reason the Fed is staying cautious. Inflation’s still sticky. And economists say the worst of the pricing pressure from those tariffs hasn’t even hit yet. That means inflation could spike again before the end of the year. “The uncertainty and inflation risks are still too high,” Powell told reporters, basically saying the Fed isn’t taking chances. Some economists agree. They think inflation could pick up in the second half of 2025 once the full cost of tariffs starts showing up across supply chains. The federal funds rate, for anyone keeping score, is the overnight rate banks charge each other to borrow. It sounds boring, but it matters. That rate spills over into credit cards, loans, mortgages, and even your savings account. So when the Federal Reserve does nothing, millions of people feel it. Credit cards are the first place it stings. Since most cards have variable rates, they move with the Fed’s actions, or in this case, inaction. Right now, the average credit card APR is sitting just above 20%, according to Bankrate. That’s not far from last…

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Filed under: News - @ July 30, 2025 8:34 pm