US Federal Reserve leaves key interest rate unchanged

Federal Reserve Chair Jerome Powell, speaking at the Jackson Hole Symposium, emphasized the potential necessity for the US Federal Reserve to implement additional interest rate hikes in order to effectively manage inflation, as policymakers carefully evaluate indications of diminishing inflation alongside the robust performance of the economy and labor market. At the same time, Powell suggested the Fed could hold rates steady at its next meeting in September, as officials assess the incoming data and the evolving outlook and risks. Powell has also reaffirmed the commitment of the central bank to maintain a monetary policy stance that is appropriately stringent to steer inflation towards the targeted 2 percent, while underscoring policymakers' cautious approach in determining whether to continue tightening or instead keep the policy rate stable while awaiting more data.

Experts predict that the Reserve Bank of India (RBI) is likely to maintain the status quo on policy rates at its upcoming monetary policy review meeting in...

The US Federal Reserve decided to keep interest rates unchanged but adopted a more hawkish stance. They anticipate an additional rate increase by the end of the...