Fed holds interest rates for fourth time despite tariff turmoil

The US central bank leaves its key interest rate unchanged at 4.3%, as its view of the economy darkens.

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The Federal Reserve stuck with that strategy on Wednesday, leaving its key interest rate unchanged, even as officials' expectations for the economy worsened.

The decision marked the fourth in a row without action, keeping the bank's influential lending rate hovering around 4.3%, where it has stood since December.

That came despite forecasts from policymakers suggesting they expect slower growth, higher unemployment and faster inflation than they did just a few months ago.

Typically, the Fed lowers borrowing costs if it believes the economy is struggling and raises them if prices start to rise too quickly.