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US Fed Holds Interest Rates, Defies Trump Tantrums
(MENAFN- Khaleej Times)
The US Federal Reserve on Wednesday decided to keep its base rates unchanged, as the US economy continues to remain stable and unemployment remains low, defying President Donald Trump's calls for more cuts.
In a statement, the Federal Open Markets Committee said that the Board has decided to maintain its target range for the federal funds rate between 3.50 per cent and 3.75 per cent.
Recommended For You Why more property buyers are choosing Sharjah for second homesThe central bank has lowered rates in each of its last three policy meetings as officials fretted about the cooling jobs market.
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