Fed keeps rates steady as hikes take toll on economy ...Middle East

The Hill - News
Fed keeps rates steady as hikes take toll on economy
The Federal Reserve kept interest rates steady Wednesday, holding off on another increase despite two consecutive months of accelerating inflation. The Federal Open Market Committee (FOMC), the panel of Fed officials responsible for setting interest rates, said Wednesday it will keep the bank’s baseline borrowing costs at a range of 5.25 percent to 5.5 percent. The Fed in July hiked rates to that level — a 22-year high — after a brief pause in June. Investors and economists widely expected the bank to hold rates steady in September after several months of declining job gains, an increase in unemployment and slowing economic growth across the world. The Fed is attempting to snuff

Hence then, the article about fed keeps rates steady as hikes take toll on economy was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Fed keeps rates steady as hikes take toll on economy )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News