Sky News Arabia – Abu Dhabi
18:03 – 01 November 2023 US Federal Reserve
For the second time in a row, the US Federal Reserve kept interest rates unchanged, in line with most expectations, to remain at a level ranging between 5.25 and 5.5 percent, which is the highest in 22 years.
The US Central Bank stopped raising interest rates last September and kept them unchanged, after increasing them 11 times since March 2022, as part of the Federal Reserve’s attempts to curb inflation.
According to the US Federal Reserve’s statement on Wednesday, it left the door open to increasing borrowing costs again, and acknowledged the strength of the US economy, but also pointed to the more difficult financial conditions facing companies and families.
2023-11-01 18:06:43
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