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US Federal Reserve keeps interest rate unchanged at 5.25%-5.50% as inflation sticks

By France24
02 May 2024   |   3:24 pm
The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.

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