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US Fed holds rates steady in Powell’s final meeting as Fed chair
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US Fed holds rates steady in Powell’s final meeting as Fed chair

Al Jazeera·Al Jazeera Staff·about 1 month ago
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Central bank keeps interest rates steady at 3.5-3.75 percent amid inflation concerns and global economic strain. The United States Federal Reserve has held interest rates steady at 3.5 to 3.75 percent as inflation and pressure on the labour market during the US-Israel war on Iran weigh on the global economy. The central bank announced its decision, which was largely in line with economists’ expectations, on Wednesday, wrapping up the last two-day policy meeting led by Chairman Jerome Powell. Recommended Stories list of 4 items list 1 of 4 Is Iran’s oil storage nearly full – and will it have to cut production? list 2 of 4 Iran’s currency falls to new low as US blockade, sanctions impact trade list 3 of 4 Senate panel advances Kevin Warsh’s nomination for US Fed chair list 4 of 4 Families sue OpenAI, alleging chatbot aided in Canadian school shooting end of list CME FedWatch, which tracks the likelihood of monetary policy decisions, had a 100 percent expectation that the central bank would maintain rates.…

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