• 30 September, 2024
Market News

Federal Reserve Holds Steady Rates

On Wednesday, the U.S. central bank stood firm, maintaining an unchanged federal funds rate amidst economic uncertainty. FOMC members, in a press release, underscored their vigilant stance on inflation risks, describing the economic outlook as "uncertain". Emphasizing their commitment to bolstering economic stability, the committee opted to sustain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.

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