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Jerome Powell-led FOMC keeps its key interest rates unchanged at 4.25%-4.50% for the fourth time in a row, in line with the market expectations.
US Federal Reserve’s latest interest rate decision.
US Fed Meeting Today Live: The US Federal Reserve on Wednesday kept its key interest rates unchanged at 4.25%-4.50% for the fourth time in a row, in line with the market expectations. As per the latest ‘dot plot’, the American central bank’s officials continue to expect two rate cuts this year.
The US monetary policy review comes amid tariff woes and geopolitical tensions like the Israel-Iran war.
US Fed Chair Jerome Powell will address the media shortly.
The US markets remained unchanged after the Fed decision. After the decision, the Dow Jones was trading higher by 0.29% and the Nasdaq was also up by 0.33%.
(The story will be updated)
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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