US Fed maintains key lending rate unchanged

World News
2024-06-12 | 14:18
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
print
US Fed maintains key lending rate unchanged
Whatsapp
facebook
Twitter
Messenger
telegram
print
0min
US Fed maintains key lending rate unchanged

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March.

The Fed voted unanimously to maintain its benchmark interest rate between 5.25 and 5.50 percent, saying in a statement that "modest" progress had been made toward its long-term inflation target of two percent. Fed officials also raised their inflation forecasts for 2024 and kept their growth outlook unchanged.
 
AFP
 

World News

US

Federal Reserve

Rate

LBCI Next
Ukrainian army downs five missiles and 24 Russian drones
North Korean leader boasts of 'invincible' ties with Russia amid talks of Putin visit
LBCI Previous
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More