Federal Reserve Holds Interest Rates ...Middle East

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The recent decision by the Federal Open Market Committee (FOMC) to keep interest rates steady has ignited a wave of speculation in financial markets. Federal Reserve Chair, Jay Powell, provided insights into the current state of the US economy and its trajectory. However, market reactions have been characterized by initial unease, followed by fluctuating sentiments, reflecting ongoing uncertainty regarding the implications of the Fed's stance.The decision to maintain rates at 5.5% was accompanied by a cautionary note from Fed policymakers, highlighting the persistent challenge of inflation. Despite efforts to curb price growth, the Fed acknowledged limited progress in recent months. Consequ

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Last updated : 03 May 2024 clock 01:05 PM

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Federal Reserve Holds Interest Rates ...Middle East

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