Fed holds interest rates steady at 3.75-4.00 pct amid elevated inflation

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.

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.