Interest Rates: US Federal Reserve keeps interest rates at 22-year high

WASHINGTON: The US Federal Reserve voted Wednesday to carry interest rates at a 22-year excessive for the second straight assembly, because it strikes to gradual cussed inflation with out damaging the sturdy financial system.
The Fed‘s choice to maintain its benchmark lending fee between 5.25 % and 5.50 % provides policymakers time to “assess further data and its implications for financial coverage,” the central financial institution stated in an announcement.

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