Fed keeps rates unchanged as Trump insults Powell again

The US Federal Reserve has kept its benchmark interest rate at the current range of 4.25% – 4.50%, as it expects slower growth, higher inflation and slightly higher unemployment by the end of the year than it previously forecast. The move was widely expected, including by Donald Trump, who nonetheless insulted Fed Chairman Jerome Powell again. Plus, Nippon Steel has completed its takeover of US Steel after agreeing to let the US government have significant control in business decisions.