Federal Reserve keeps interest rates amid division
Report on the US Federal Reserve's decision to keep interest rates unchanged at the range of 3.50-3.75%, amid division among its members. The board confirmed that inflation remains high and exceeds the target set at 2%, despite efforts to raise interest rates that began in December 2023, in response to rising prices for fuel, food, and investment in artificial intelligence. The market expects a hike in September, as current economic data will be crucial in determining the future direction of monetary policy.
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