15 Hrs
Source:
اقتصاد سكاي نيوز عربية
Federal Reserve keeps rates steady amid member division
The US Federal Reserve decided to keep interest rates unchanged at a range of 3.50% to 3.75%, despite opposition from three of the twelve members, who preferred to raise it by a quarter of a percentage point. The bank confirms that inflation remains high relative to the 2% target, due to rising global fuel and food prices. Meanwhile, it views economic growth as strong, with increased employment and stable unemployment rates. The market expects interest rates to rise to at least 4% by September, pending inflation and labor market data to determine future policy directions. Inflation continues to pose a challenge, and efforts are being made to reduce it through the current policy, which aims to strike a balance between supporting growth and controlling inflation.
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