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 Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates.After three months of reductions, the Fed decided to keep the key interest rate target

The US Federal Reserve left its key lending rate unchanged Wednesday and adopted a patient "wait and see" approach to Donald Trump's economic policies, in the first decision since his