E-News 5-9-25
FEDERAL GOVERNMENT RELATIONS
Federal Reserve leaves key interest rate unchanged
The Federal Reserve announced on Wednesday that it is maintaining a benchmark overnight borrowing rate between 4.25% and 4.5% amid persistent uncertainty about the impact of the Trump administration's trade policy. The Federal Open Market Committee's "statement in effect warns that a large trade shock is still set to hit the economy in spite of efforts by the Trump administration to deescalate, with the Fed ... not providing any early dovish lean in favor of a June rate cut," wrote Krishna Guha of Evercore...