The Federal Reserve held the federal funds rate at 3.50%-3.75%, addressing inflation concerns from rising energy prices. Officials updated year-end PCE inflation forecasts, hinting at potential rate hike that may impact foreign investment sentiment, particularly in emerging markets like India.
The US Federal Reserve maintained the federal funds rate at 3.50%-3.75%, citing persistent inflation concerns, largely due to rising energy prices. Despite holding rates, officials updated year-end PCE inflation forecasts, strongly hinting at future rate hikes. This monetary…
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