Federal Reserve snubs Trump by refusing to cut interest rates

• US rates held at 2.25% to 2.5%
• President had called for ‘one point’ cut

The US Federal Reserve snubbed Donald Trump’s call for a cut in interest rates on Wednesday as the central bank noted economic activity was still rising at “a solid rate”.

After a two-day meeting the Fed board unanimously decided to hold rates steady at a range between 2.25% and 2.5%.

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from US news | The Guardian http://bit.ly/2GNkKGO