US Federal Reserve holds interest rates steady
US Fed has kept the federal funds rate steady at 4.25 to 4.50 per cent, citing strong economic growth and a stable labour market. However, it flagged persistent inflation and rising uncertainty. The Fed reaffirmed its commitment to its 2 per cent inflation target and will continue reducing its balance sheet. Future rate moves will depend on incoming data and evolving economic risks, the FOMC said.
US Fed has kept the federal funds rate steady at 4.25 to 4.50 per cent, citing strong economic growth and a stable labour market.
However, it flagged persistent inflation and rising uncertainty.
The Fed reaffirmed its commitment to its 2 per cent inflation target and will continue reducing its balance sheet.
Future rate moves will depend on incoming data and evolving economic risks, the FOMC said.
