Fed Holds Rates Steady, Eyes Slower Cuts Amid Trump Tariffs

The Federal Reserve held interest rates steady Wednesday, signaling two cuts likely in 2025 but slowing its overall pace of future easing. The Fed maintained its policy rate at 4.25%-4.50% and projected 0.5% in cuts by year-end. However, it now foresees only one cut in both 2026 and 2027, with…