Fed Holds Rates Steady as Stock Markets Rally on Tech Earnings

TLDR Federal Reserve voted 9-2 to keep interest rates steady at 4.25%-4.5% despite pressure from President Trump for cuts Two Fed governors dissented for the first time since 1993, favoring rate cuts due to controlled inflation and potential labor market weakening Fed Chair Powell said no decisions made about September rate cut, reducing market expectations […] The post Fed Holds…