The White House budget office Wednesday rescinded the federal aid freeze, according to multiple media reports citing an administration memo.

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

Exchange-traded funds focused on the bond market slipped Wednesday, after the Federal Reserve decided to pause its interest-rate cutting cycle while waiting for new policies to be enacted under President Donald Trump.

President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.

Report TRUMP FIRST 100 DAYS © Alex Brandon, Associated Press White House rescinds memo amid legal battle THE TRUMP ADMINISTRATION on Wednesday signaled it planned to still

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates

The Federal Reserve left interest rates unchanged Wednesday as it began a new wait-and-see policy stance amid a cloudy economic outlook and uncertainty over whether some of President Donald Trump’s policies could stymie the fight against inflation.

The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial crisis.

The US Federal Reserve held interest rates steady yesterday, defying Donald Trump’s calls for deep reductions. The Fed’s pause on cuts is a setback for the renewable energy industry, which has struggled from high upfront costs and faces an uncertain future amid the US president’s tariffs threats and restrictions to solar and wind development.

The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.

The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate.