The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.

T he Federal Reserve left its benchmark interest rate unchanged for the fifth straight meeting Wednesday amid tremendous pressure from President Donald Trump to reduce borrowing costs. For the first time since 1993, two of the seven members of the Fed’s board of governors dissented.

The Federal Reserve said Wednesday it was leaving its interest rate unchanged, a widely expected move that comes despite enormous pressure from the Trump administration to lower it.