US Fed holds rates steady in Powell’s final meeting as Fed chair
Key takeaways
- Central bank keeps interest rates steady at 3.5-3.75 percent amid inflation concerns and global economic strain.
- The central bank announced its decision, which was largely in line with economists’ expectations, on Wednesday, wrapping up the last two-day policy meeting led by Chairman Jerome Powell.
- CME FedWatch, which tracks the likelihood of various monetary policy decisions, had a 100 percent expectation that the central bank would maintain rates.
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Central bank keeps interest rates steady at 3.5-3.75 percent amid inflation concerns and global economic strain.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo The US central bank will keep rates unchanged amid growing inflationary pressures [Kevin Lamarque / Reuters]By Al Jazeera Staff Published On 29 Apr 202629 Apr 2026The United States Federal Reserve will hold interest rates steady at 3.5 to 3.75 percent as pressure on the labour market and inflation, amid the US-Israel war on Iran and subsequent retaliation, weigh on the global economy.
The central bank announced its decision, which was largely in line with economists’ expectations, on Wednesday, wrapping up the last two-day policy meeting led by Chairman Jerome Powell.