US Federal Reserve keeps interest rates at 22-year high

The US Federal Reserve has decided to maintain interest rates at a 22-year high for the second consecutive meeting in an effort to control inflation without harming the strong economy. The Fed aims to cool down demand and encourage companies to slow down price increases. Despite the economy's resilience, inflation has gradually decreased from its peak in 2022. The Fed is focused on bringing inflation back in line with its 2% target and is considering whether to implement one final rate increase in the coming months.

source https://timesofindia.indiatimes.com/world/us/us-federal-reserve-keeps-interest-rates-at-22-year-high/articleshow/104897363.cms