The US Federal Reserve has decided to hold its key interest rate steady.
The Fed made the announcement on Wednesday after wrapping up a two-day policy meeting.
It is the first time since June that the Fed has kept the rate unchanged. At the previous meeting in July, the Fed raised the rate by 0.25 percentage points to a range of 5.25 to 5.5 percent.
Observers say the policymakers made the latest decision as inflation is on a declining trend amid signs that the labor shortage is easing.
The policymakers' projections at the meeting show that they anticipate one more rate hike by the end of the year.
The Fed made the announcement on Wednesday after wrapping up a two-day policy meeting.
It is the first time since June that the Fed has kept the rate unchanged. At the previous meeting in July, the Fed raised the rate by 0.25 percentage points to a range of 5.25 to 5.5 percent.
Observers say the policymakers made the latest decision as inflation is on a declining trend amid signs that the labor shortage is easing.
The policymakers' projections at the meeting show that they anticipate one more rate hike by the end of the year.
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Summary
US Federal Reserve maintains interest rate at 5.25-5.5% following a two-day policy meeting on Wednesday, first unchanged since June. Previous July increase was by 0.25%. Decision reflects declining inflation trend and easing labor shortage. Projected year-end rate hike remains one more increase.
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ID: 545ef664-15fc-4494-bd7c-9fad724b1fcc
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230921_02/
Date: Sept. 21, 2023
Created: 2023/09/21 07:13
Updated: 2025/12/08 23:23
Last Read: 2023/09/21 07:32