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Euronews
Euronews
Doloresz Katanich

US Federal Reserve holds rates as Jerome Powell signals he will stay on

The US Federal Reserve has kept its benchmark interest rate unchanged for a third consecutive meeting, as policymakers grapple with heightened uncertainty linked to the war in the Middle East.

The decision, which leaves rates at a range of 3.50% to 3.75%, is expected to be the last overseen by Chair Jerome Powell — though he has signalled he plans to remain on the central bank’s board beyond the end of his term.

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