Federal Reserve holds interest rates steady

The central bank said there was uncertainty when it came to the economy.
Federal Reserve Board Chairman Jerome Powell

The Federal Reserve on Wednesday kept interest rates at the target range of 4.25% to 4.5%.

However, policymakers predicted there would be two cut rates coming later, according to CNBC News.

The central bank said there was uncertainty when it came to the economy.

This announcement comes less than two weeks after Fed Chairman Jerome Powell stated that tariffs would likely increase prices, but Trump's economic policies are still getting in place.