FOMC Holds Firm on Rates, Powell Sees No Hurry for Cuts
The FOMC unanimously held interest rates unchanged at 4.25%-4.50%. Powell said policymakers are in no hurry to lower rates. The U.S. Federal Reserve kept the interest rates unchanged on Wednesday, maintaining the benchmark lending rate within the range of 4.25% to 4.50%. Fed Chair Jerome Powell underlined that the policymakers are in no rush to … Read more