Friday, September 20, 2024

US Fed keeps key lending rate unchanged

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US Fed official warns of inflationary risk of over-consumption

The US Federal Reserve left its key lending rate unchanged again on July 31 and said it had made “some further progress” in its inflation fight. Policymakers voted unanimously to maintain the US central bank’s benchmark interest rate between 5.25 per cent and 5.50 per cent, the Fed announced in a statement following two days […]

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