📢US Federal Reserve Keeps Interest Rates Unchanged
The US Federal Reserve, in an “unanimous” decision on Wednesday announced its move to keep the interest rate cuts unchanged in its first major decision under President Donald Trump's second term.
The move is expected to create some tension between the central bank the newly inaugurated president, who has contested that he should have some say in the Fed policy.
The Fed Reserve said that the interest rate will remain unchanged in the 4.25-4.50% range, noting that inflation remains "somewhat elevated, and economic outlook is uncertain".
In terms of the unemployment rate, the Federal Reserve said that it has stabilised at a low level, adding that labour market conditions also remain "solid".