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International Business Times
International Business Times
Business
AFP News

Has The Fed Won The Battle Against Inflation?

Inflation Jerome Powell US Federal Reserve United States Interest Rates
Fed policymakers have penciled three interest rate hikes next year (Credit: AFP)

The US Federal Reserve's decision to hold its key lending rate on Wednesday and pencil in three interest rate cuts next year has fueled optimism that its inflation battle is won.

Following the Fed's decision, the Dow Jones Industrial Average index surged to an all-time high, while yields on US government bonds plummeted, reducing borrowing costs on everything from car loans to home mortgages.

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