US Federal Reserve holds rates steady amid elevated inflation and energy shocks
The United States Federal Reserve has held interest rates steady at 350-375 basis points, citing inflation that remains elevated and supply shocks affecting some sectors, including energy. The decision was announced on Wednesday and came during the central bank's second monetary policy meeting under Chairman Kevin Warsh. It also comes as President Donald Trump continues to call for rate cuts.In its statement, the central bank said inflation remains above its 2 percent goal, in part because of supply shocks that have pushed up prices in certain areas. The Fed linked the pressure in part to energy-related price increases, as tensions... [Continue Reading]
360LiveNews | 29 Jul 2026 20:02 LONDON
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