The Federal Reserve on Wednesday announced that it will leave interest rates unchanged amid uncertainty about inflation and economic conditions.
The Fed's decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5% and follows three consecutive interest rate cuts at the central bank's most recent meetings – including a 50-basis-point cut in September as well as a pair of 25-basis-point reductions in November and December.
Fed Chair Jerome Powell will outline the Fed's decision at a press conference where he will likely face questions about how policymakers view the impact of President Donald Trump's economic agenda. He may also face questions about whether they considered his call for lower interest rates in their decision.
This is a developing story. Please check back for updates.
