US Federal Reserve holds interest rates steady

US Fed has kept the federal funds rate steady at 4.25 to 4.50 per cent, citing strong economic growth and a stable labour market.
However, it flagged persistent inflation and rising uncertainty.
The Fed reaffirmed its commitment to its 2 per cent inflation target and will continue reducing its balance sheet.
Future rate moves will depend on incoming data and evolving economic risks, the FOMC said.Read More