US Fed holds interest rate steady at 3.5%-3.75%, flags persistent inflation risks
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US Fed holds interest rate steady at 3.5%-3.75%, flags persistent inflation risks
The US Federal Reserve has kept its benchmark interest rate unchanged in the range of 3.5% to 3.75%, as policymakers signaled continued caution amid elevated inflation and global economic uncertainty. The decision was announced following a two-day meeting of the Federal Open Market Committee (FOMC)»»»
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Goldman’s Kaplan says Fed may need to hike as soon as September
(June 18): The US Federal Reserve (Fed) may need to raise interest rates as soon as September if inflation remains elevated, according to Rob Kaplan, a vice-chairman at Goldman Sachs Group Inc and a former Dallas Fed president. “If inflation prints don’t cool between now and we get to Se»»»
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