Morning Business Report: Federal Reserve holds interest rates as markets and consumers watch next moves

Morning Business Report: Federal Reserve holds interest rates as markets and consumers watch next movesThe Federal Reserve has entered a new holding pattern on interest rates, signaling it is in no rush to begin cutting borrowing costs anytime soon. (LILAMAX) – The Federal Reserve has entered a new holding pattern on interest rates, signaling it is in no rush to begin cutting borrowing costs anytime soon. Federal Reserve Chair Jerome Powell said recent economic data has painted a somewhat brighter picture than at the central bank’s previous meeting. Bank of America and JPMorgan Chase announced they will match the federal government’s $1,000 contribution for eligible employees who establish Trump Accounts. However, 42 percent of consumers say they are willing to sacrifice features to stay within budget.