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- October 18, 202615°
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- October 18, 202615°
US Federal Reserve Holds Interest Rate Steady Amid Inflation and Energy Price Pressures
The US Federal Reserve kept the policy interest rate unchanged between 3.5% and 3.75%. The decision was influenced by inflation remaining above target, strong economic growth, and pressure from rising energy prices.
The US Federal Reserve did not change the policy interest rate, keeping it between 3.5% and 3.75%.
The decision was made unanimously by all 12 members of the Federal Open Market Committee.
Reasons
The statement noted that economic activity has grown strongly, but uncertainty has increased.
The committee reported that inflation remains above the 2% target. The decision also highlighted the impact of rising energy prices and supply-driven price increases in certain sectors.
The committee reiterated its commitment to maintaining price stability.
The decision was made at the first meeting under the new chair, Kevin Warsh.
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