US Fed pauses rate hikes but predicts long fight against inflation

US Fed pauses rate hikes but predicts long fight against inflation

WASHINGTON: The US Federal Reserve voted on Wednesday (Sep 20) to hold interest rates at a 22-year high while predicting that lending rates will need to remain higher for longer to definitively cool inflation. “We are prepared to raise rates further, if appropriate, and we intend to hold policy at…Read More

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