US Federal Reserve has kept its key interest rate unchanged at 4.25-4.5% mark. The interest rates have remained unchanged since December 2024. Chairman Jerome Powell said the decision to hold rates steady was taken to support the Fed's dual goals of maximum employment and stable inflation. Federal Open Market Committee expects to make two rate reductions later this year.
short by
Bhawana Chaudhary /
10:18 am on
19 Jun