US Fed holds interest rates steady
The US Federal Reserve kept its key interest rate in a target range of 3.75 to 4.00 per cent. Its 12-member committee voted 10 to 2 to hold, saying it needs more data in the fight against inflation. Inflation has been rising sharply.
पृष्ठभूमिContext: The Fed sets the benchmark for US borrowing costs, and its decisions ripple into global markets, including India's rupee and stock market. Inflation is the steady rise in prices that central banks try to control.
The Hindu: Business पर पढ़ें (अंग्रेज़ी)
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