
Fed Holds Interest Rates Steady at Powell's Final Meeting as Chair
The Federal Reserve, in its final meeting chaired by Jerome Powell, voted to keep interest rates unchanged, citing elevated inflation and geopolitical uncertainties. This decision marks the end of Powell's tenure as Fed Chair.
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Interest rates expected to be held as uncertainty over Iran war continues
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The US Federal Reserve on Wednesday held its benchmark interest rate steady for the third consecutive time, citing "elevated" inflation and a "high level" of economic uncertainty stemming from the ongoing Middle East conflict. The central bank decided to leave the rate unchanged at the 3.5-3.75 percent range during the two-day Federal Open Market Committee meeting, which was likely to be the last rate-setting meeting under Chair Jerome Powell as his chairmanship is set to expire on May 15. Durin
By The Korea Herald
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Leaves benchmark overnight interest rate in 3.50%-3.75% range, cites inflation concerns
By reuters
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