The Federal Reserve is expected to hold its key interest rate steady after its two-day meeting wraps up on July 30.

WASHINGTON – The Federal Reserve kept its key interest rate unchanged again and gave no signal it plans to lower rates in September despite mounting pressure from President Donald Trump and his appointees on the Fed’s policymaking committee.

The July 30 decision leaves the Fed’s benchmark short term rate at a range of 4.25% to 4.5% for a fifth straight meeting.

The Fed remains caught between its two mandates - maximum employment and stable prices. A slowing economy and job market in recent weeks has strengthened the case for rate cuts. But Trump’s tariffs began pushing inflation higher in June and forecasters expect larger effects in the months ahead, making officials wa

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