The Fed, helmed by Chair Jerome Powell, is expected to hold rates steady this month despite pressure from President Donald Trump to make cuts.

The Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other potential disruptions will affect the economy this year.

The Federal Reserve held interest rates steady again Wednesday as officials continue to wait for the fallout of President Donald Trump’s sweeping policy changes and tensions in the Middle East.

President Donald Trump’s administration urged the US Supreme Court to turn away a request for fast-track review of his sweeping tariffs, saying the justices should give lower courts more time to weigh in.

Small businesses asked the Supreme Court on Tuesday to take up the issue of whether President Donald Trump’s “Liberation Day” tariffs are lawful, marking the first time the president’s sweeping tariffs have made it to the high court, and teeing up a potential final ruling on whether the tariffs are lawful by the end of the year.

Two district courts have ruled that Trump’s tariffs are not justified under the law he cited for them, the International Emergency Economic Powers Act. Both of those cases are o