US Fed holds rates at 3.75-4%, keeps future options open
The US Federal Reserve kept its benchmark interest rate unchanged at 3.75% to 4%, in line with market expectations.
The US Federal Reserve kept its benchmark interest rate unchanged at 3.75% to 4%, in line with market expectations.
The central bank acknowledged persistent inflation and said future decisions will depend on incoming data.
The pause steadied global equities, with Indian benchmarks rallying over a per cent in response.
Originally reported by Bajaj Broking. Article compiled by the Deccan Age desk.
