Chicago Fed chief Austan Goolsbee called the April inflation report 'comforting' but said he needs to see several more as officials consider rate cuts

As widely expected, the Federal Reserve left it's key interest rate unchanged Wednesday, staying firmly in "wait and see" mode.

The Federal Reserve has likely come across your radar at some point. Often referred to as simply "the Fed," this central banking system of the United States typically meets eight times a year to make interest rate–related decisions, which often result in a slew of headlines and fodder from economic experts, alongside very real economic effects.

Policymakers cited economic uncertainty from Trump’s trade war for keeping the Fed funds rate between 4.25% to 4.5% range, where it has been since December.

The Federal Reserve is finding fewer reasons to get out of its interest rate holding pattern with constantly evolving trade policy from the White House.

The Federal Reserve announced that it is leaving a key interest rate unchanged amid uncertainty over inflation and the labor market amid trade turmoil due to tariffs.

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.

Treasury yields climbed on Wednesday — sending the two-year note’s to the highest level since March — as traders further pared wagers on more than one Federal Reserve interest-rate cut by year-end.