On Thursday, the European Central Bank decided to lower interest rates by 0.25 percentage points. This action is justified by the expected achievement of the inflation target at 2 percent. After the announcement,

The Fed held interest rates steady as it continues to combat inflation. President Trump wants to see lower rates, but some of his policies could fuel more price hikes.

The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.