The US Federal Open Market Committee has kept interest rates unchanged within the 3.50-3.75 per cent band.
“Uncertainty about the economic outlook remains elevated. The implications of developments in the Middle East for the US economy are uncertain,” an FOMC statement said.
Federal Reserve chair Jerome Powell said inflation is expected to ease this year, but progress will be slower than earlier hoped.
“Uncertainty about the economic outlook remains elevated. The implications of developments in the Middle East for the US economy are uncertain,” an FOMC statement said.
Federal Reserve chair Jerome Powell said inflation is expected to ease this year, but progress will be slower than earlier hoped.
