Fed hints at rate cut as inflation nears 2% target, keeps rates steady at 5.25% - 5.50%

The Federal Reserve indicated progress towards its 2% inflation target and hinted at a potential rate cut. Despite the rise in unemployment and moderated job gains, the benchmark interest rate was kept unchanged. This decision came amid pressure from various quarters, including political figures. Financial markets had anticipated a rate cut announcement next month.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Rc1M07q