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Hot-Topics — News — Inflation — Washington — US Federal Reserve — Key interest rate — Federal Reserve System — Interest rate — fed

The US Federal Reserve maintains steady interest rates once more.

The Federal Reserve in the United States has maintained its significant interest rate at its current level. This decision leaves the rate still positioned between 5.25 and 5.5 percent, holding the highest level it has been in over two decades, as reported from Washington's committee meeting on...

,   and  Katherine Bradley
1 min read
US Federal Reserve Chairman Jerome Powell in May
US Federal Reserve Chairman Jerome Powell in May

The US Federal Reserve maintains steady interest rates once more.

In May, the percentage of inflation decreased by 0.1, causing it to stand at 3.3%. This number is far lower than the Federal Reserve's objective of two percent. As a result, experts anticipate that the Fed will reduce interest rates starting from September. The first significant central bank to lower its excessively high interest rates was the European Central Bank (ECB). It did this by reducing them by 0.25 percentage points in the previous week.

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Washington closely monitors the US Federal Reserve's decision about the key interest rate, as changes in it can significantly impact the economy. The US Federal Reserve System, headed by the Fed, is expected to reduce the key interest rate in September, in response to decreasing inflation rates. Analysts argue that lower interest rates could help stimulate economic growth in the United States.

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