Federal Reserve Holds Interest Rates Steady, Lowers Growth Forecast

Washington D.C. - The Federal Reserve announced today that it will hold interest rates steady, opting to maintain the current target range. This decision comes amid ongoing concerns about the global economic outlook and the potential impact of trade tensions. Federal Reserve Chair Jerome Powell addressed the media following the meeting, highlighting the "high uncertainty" surrounding the effects of tariffs implemented by the Trump administration on key trading partners.

While interest rates remain unchanged, the Fed also released its updated economic projections. These projections indicate a slight downward revision to the expected growth rate for the year. The revised forecast reflects concerns about slowing global growth and the potential for trade disputes to negatively impact the U.S. economy.

Analysts suggest that the Fed's cautious approach signals a willingness to remain flexible and responsive to evolving economic conditions. The central bank will continue to monitor economic data closely and adjust its policies as needed to support sustainable economic growth and stable prices. The next Federal Reserve meeting is scheduled for [Date of next meeting].