The US Federal Reserve keeps interest rates elevated.
The Federal Reserve in the United States has decided to maintain its benchmark interest rate at its current level. With the monetary policy decision, the central bank's key rate now stands between 5.25 and 5.50 percent, which marks its highest point in over two decades. While recent data showed a slight decrease in inflation, financial experts predict that the Fed won't lower rates anytime soon.
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Jerome Powell, the chair of the Federal Reserve, indicated that the central bank is likely to maintain its aggressive interest rate policy, as the key interest rate remains at its highest point in over two decades. Financial analysts suggest that Inflation might still be a concern for the Fed, and as a result, they do not expect any changes to the Interest rate policy or the Key interest rate in the near future.
