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 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.

Federal Reserve officials held interest rates steady after their latest policy meeting, drawing sharp criticism from President Donald Trump.