Fed officials cite elevated inflation, slow job growth and uncertainty in Middle East as reasons for holding rates
The US Federal Reserve left interest rates unchanged after its latest board meeting, defying once again Donald Trump’s call for a cut as the central bank prepares for a leadership shake-up next month.
On Wednesday, Fed officials continued to cite elevated inflation, slow job growth and uncertainty in the Middle East as reasons why rates were left untouched.
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This article was originally published by The Guardian and written by Lauren Aratani in New York.
Read original article on The Guardian