Fed keeps rates unchanged but signals likelihood of another hike this year

Fed keeps rates unchanged but signals likelihood of another hike this year

Washington: The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. But Fed officials also signalled that they expect to raise rates once more this year. The move to leave its benchmark … Read more

Debate over rate moves at US central bank is shifting

Debate over rate moves at US central bank is shifting

Washington: As Federal Reserve officials close in on the end of their tightening campaign, the debate is shifting from how high interest rates need to go to how long they should stay elevated. Inflation pressures are easing, which could give policymakers room to keep interest rates at or near current levels for the time being. … Read more