The Federal Reserve held interest rates steady at the end of its two-day meeting on March 19. Although the central bank is on the sidelines, for now, some consumer loan rates are starting to ease, giving households a little breathing room.

The Bank of England held interest rates at 4.5% and warned against assumptions that they would be cut over its next few meetings as it grappled with deep uncertainty hanging over the British and world economies.

The Bank rate heavily influences the cost of borrowing for households, businesses and the government, as well as returns for savers. It was cut from 4.75% to 4.5% following the la

The Bank of England has kept its main U.K. interest rate unchanged at 4.50% even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.

The Federal Reserve was widely expected to leave interest rates unchanged on Wednesday, at the conclusion of its March meeting.

U.S. President Donald Trump pushed the Federal Reserve to cut interest rates after the U.S. central bank said it would keep them unchanged. Alex Cohen has more. Trump supports Putin's U.S.-Russia hockey proposal,