US Federal Reserve leaves interest rates unchanged after September hike
The US Federal Reserve left its interest rate unchanged at 3.75-4 per cent.
The US Federal Reserve has decided to keep its main interest rate unchanged at 3.75-4 percent, according to ANI. The decision was announced on Wednesday, October 28, in Washington DC, as the Committee voted 10-2 to maintain the rate. Officials considered two factors: prices are still rising rapidly, but consumer spending remains strong and the economy is robust.
While nine members voted to keep the rate steady, two wanted to increase it by 25 basis points. This lack of consensus on how to address the rising prices highlights the complexity of the situation.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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