Central bank keeps interest rates steady at 3.5-3.75 percent amid inflation concerns and global economic strain.
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The United States Federal Reserve has held interest rates steady at 3.5 to 3.75 percent as inflation and pressure on the labour market during the US-Israel war on Iran weigh on the global economy.
The central bank announced its decision, which was largely in line with economists’ expectations, on Wednesday, wrapping up the last two-day policy meeting led by Chairman Jerome Powell.
