US Fed keeps interest rate at 5.25-5.5%

US Fed keeps interest rate at 5.25-5.5%
# 21 March 2024 00:42 (UTC +04:00)

The US Federal Reserve System has kept the interest rate unchanged at 5.25-5.5 percent, the the System says, APA reports.

“The Committee (FOMC) decided to maintain the target range for the federal funds rate at 5.25-5.5%,” the report said.

The regulator considered it inappropriate to reduce the target rate range until there is greater confidence that inflation is steadily approaching the 2% mark.

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