U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

Federal Reserve chair Jerome Powell is shown.

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target.

CBC | World News

Leave a Reply

Your email address will not be published. Required fields are marked *

*