US Fed holds rates steady in Powell’s final meeting as Fed chair
The central bank announced its decision, which was largely in line with economists’ expectations, on Wednesday, wrapping up the last two-day policy meeting led by Chairman Jerome Powell. CME FedWatch, which tracks the likelihood of monetary policy decisions, had a 100 percent expectation that the central bank would maintain rates. Inflationary pressures on oil markets and a stagnant labour market have weighed on the central bank’s decision-making.
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