U.S. Federal Reserve holds interest rates unchanged

World Today

 

The U.S. central bank on Wednesday, May 7, said it needs greater clarity on where the economy is headed before cutting its main interest rate. The Federal Reserve maintained the rate that influences borrowing costs at up to 4.5 percent. And the impact of tariffs on the U.S. economy has made the Fed wary of cutting rates too soon, as Owen Fairclough reports.