Fed holds interest rates steady at 3.75-4.00 pct amid elevated inflation
The US Federal Reserve kept its benchmark interest rate at 3.75 to 4 percent. This decision follows a two-day policy meeting. Policymakers paused tightening to assess economic data. Inflation remains persistently elevated. The Federal Open Market Committee reaffirmed its commitment to its dual mandate.
The US Federal Reserve on Wednesday kept its benchmark interest rate unchanged at 3.75 to 4 percent, pausing further monetary tightening as policymakers assessed incoming economic data amid persistently elevated inflation. In a statement issued after its two-day policy meeting, the Federal Open Market Committee (FOMC) reaffirmed its commitment to achieving its dual mandate of … The post Fed holds interest rates steady at 3.75-4.00 pct amid elevated inflation appeared first on Times Kuwait .