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US Federal Reserve keeps rate steady at 4.25–4.50%, signals caution
US Fed has kept the federal funds rate steady at 4.25 to 4.50 per cent, noting continued economic growth and a strong labour market. While inflation remains above the target, uncertainty in the outlook has eased. The Fed reaffirmed its commitment to achieving maximum employment and 2 per cent inflation and will continue reducing its balance sheet.
US Fed has kept the federal funds rate steady at 4.25 to 4.50 per cent, noting continued economic growth and a strong labour market.
While inflation remains above the target, uncertainty in the outlook has eased.
The Fed reaffirmed its commitment to achieving maximum employment and 2 per cent inflation and will continue reducing its balance sheet.
