Benchmark Treasury yields have been climbing toward 5%, despite the central bank’s recent rate cutting.

The White House press secretary said that the reversal was issued in response to a court injunction and that the underlying order still stands.

The Federal paused rate cuts after its first meeting of the year — here’s what that means for your credit card, mortgage rate, auto loan and savings account.

The US Federal Reserve kept its key interest rate unchanged on Wednesday, pausing its recent easing cycle as it navigates economic uncertainty and rising political pressure. This marks the central bank’s first policy decision since President Donald Trump returned to the White House last week,

The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Donald Trump to renew his criticism of the central bank.