01-02-2024 10:34 AM | Source: IANS
US Fed keeps interest rate unchanged
The US Federal Reserve Bank has kept the interest rate unchanged for the fourth consecutive time after its customary two-day meeting, saying the "economic outlook is uncertain" despite the economy was "expanding at a solid pace".
The Fed has kept the rate at 5-1/4 to 5-1/2 per cent.
"The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward two per cent," the Fed said on Wednesday in a statement after the meeting of the Federal Open Market Committee, the top decision-making body.
Latest News
Digital Lending Made Easy, Quick & Efficient
Ananant Systems joins India Electronics and Semicond...
TRAI move on new broadcasting policy to make India a...
Real estate sector booming, Sentiment Index Score at...
PE fund Arpwood Partners infuses Rs 680 crore in low...
Global Market Outlook from Alex Volkov, Market Analy...
Geojit report: Mutual Fund Industry Update - April 2024
Hyundai`s car selling prices soared over past 5 yrs,...
Pune`s Residential Real Estate Market Records 56% Ri...
Nifty, Bank Nifty and Stocks to watch out 20.05.2024...