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Business Matters: US Federal Reserve held off from interest rate rise

US Federal Reserve held off from interest rate rise

21/09/2023 GMT

BBC World Service - Business Matters, US Federal Reserve held off from interest rate rise

The Federal Reserve rate decision: leaves rates unchanged

Interest rates in the US remain unchanged. What does it mean for business?

The US Federal Reserve held interest rates unchanged but projected a further rise by the end of the year. The Fed is keeping monetary policy significantly tighter than previously expected in 2024.

(Picture: Federal Reserve Chair Powell Holds A News Conference Following The Federal Open Market Committee Meeting. Picture credit: Getty Images)

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