Fed risks president’s ire by holding rates
Experts say decision was obvious way to go, given US labour market and inflation figures
The US Federal Reserve’s rate-setting committee has voted to hold rates, despite president Donald Trump’s repeated calls for swingeing cuts.
The Federal Open Market Committee’s decision to keep the federal funds rate at a range of 3.5-3.75% follows decisions to cut by 0.25 basis points at each of its three previous meetings.
There were two dissenters on the FOMC, both of whom voted for a further quarter point cut: Christopher Waller, one of the four remaining contenders to take over as Fed chair
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