US Fed holds interest rates at 22-year high
- Economy
- AFP
- Published Date: 11:25 | 20 September 2023
- Modified Date: 11:25 | 20 September 2023
The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation.
The Fed's decision to keep its key lending rate between 5.25 percent and 5.50 percent gives policymakers time to "assess additional information and its implications for monetary policy," the US central bank said in a statement.
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