Live: US Fed holds rates unchanged, chance of local rise more than 75pc
The US Federal Reserve has held interest rates unchanged at its most recent meeting, but in Australia, high inflation data means we're likely to hike. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
The US Federal Reserve maintained interest rates at 3.75%-4.00% during a recent meeting, with no indication of a rate increase at this time. This decision comes following high inflation data, leading many to anticipate a similar move in Australia. Emerging from the Federal Reserve's 10-2 vote, traders watched Wall Street indexes as they held gains after the decision.
The Fed's statement reflected the ongoing balancing act between inflation concerns and a resilient economy. Global stocks, including the MSCI gauge, rose slightly, while the US dollar held steady. Other central banks, such as the Bank of Canada and the European Central Bank, were also expected to announce policy decisions during the week.
Investors will be closely monitoring Thursday's US Personal Consumption Expenditures data for further insight into monetary policy.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 8 other outlets
- Fed leaves rates unchanged as it awaits ’accumulation of more information’ investing.com
- New Zealand Dollar drops sharply as RBNZ leaves rates unchanged ahead Fed decision fxstreet.com
- Fed leaves rates unchanged as it awaits 'accumulation of more information' gulf-times.com
- US Fed keeps rates unchanged despite elevated inflation, gives little signal of next move koreatimes.co.kr
- Fed keeps interest rates unchanged, awaits more data on inflation business-standard.com
- Fed leaves rates unchanged: What it means for credit cards, mortgages, auto loans and savings accounts cnbc.com
- US Fed leaves rates unchanged as it awaits ‘accumulation of more information’ straitstimes.com
- U.S. stocks are mixed after Fed keeps interest rates unchanged seekingalpha.com
