Federal Reserve officials held interest rates steady after emerging from their latest two-day policy meeting, the first to take place during the second Trump administration. That decision comes despite President Donald Trump’s pressure on policymakers to drive rates lower.
One clue to the central bank’s rationale: Its press release 
announcing the decision — which analysts typically parse for signs of the path ahead — removed part of a line in its previous one saying inflation “has made progress toward” a goal of 2%, noting Wednesday only that it “remains somewhat elevated.”
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