Central bank said it was not appropriate to cut rates until it has ‘greater confidence that inflation is moving sustainably toward 2%’
The US Federal Reserve held interest rates steady for another month as the US inflation rate continues to fade from its highest level in a generation.
Policymakers at the central bank, who have signaled they expect to cut rates three times this year, opted to keep rates steady at a 22-year high after their first two-day meeting of 2024.
More Stories
Porsche reports steep fall in orders from Europe and China
‘Fruit of the devil’: Hainan’s betel nut sellers suffer from stuttering economy
Couple who ran Swedish eco-resort say 158 barrels of human waste left behind was ‘very normal’