WASHINGTON: The US Federal Reserve paused interest rate cuts again on Wednesday and noted an increase in economic uncertainty, as it navigates an economy unnerved by President Donald Trump’s stop-start tariff rollout.

Policymakers voted to hold the US central bank’s key lending rate at between 4.25 and 4.50pc, the Fed announced in a statement. They also cut their growth forecast for 2025 and hiked their inflation outlook.

Published in Dawn, March 20th, 2025