Why the Fed held interest rates steady for 4th consecutive time

By Home - CBSNews.com Jun 18, 2025 | 6:42 PM

The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump’s push for a cut. CBS News MoneyWatch correspondent Kelly O’Grady explains why.

Obituaries
Presented by
John A. Lefdahl Funeral Home

BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.

Draw down the state's rainy day funds to pay for more spending.

Tax the so-called "skill games" machines to pay for more spending.

Legalize recreational marijuana to pay for more spending.

We don't need more spending, we need less! No new taxes!

We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!

Voting Ends: Oct 7, 2025 | 12:00 PM

Welcome to WDAD FM 100.3 and AM 1450

Why the Fed held interest rates steady for 4th consecutive time