Tag: federal funds rate

A television station broadcasts Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York.(Bloomberg)
Posted in Business

US Federal Reserve maintains rate at 5.25-5.5% for 8th consecutive term

The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the…

Continue Reading