Fed holds key interest rate and warns on inflation
The US central bank has left interest rates unchanged again, noting a "lack of further progress" on inflation.
Source: yahoo.com
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The US central bank has left interest rates unchanged again, noting a "lack of further progress" on inflation.
On the shop floor at least, the inflation crisis is pretty much over.
Interest rates were widely expected to rise to 5.5%, but half of investors now think they may not change.
Rather than making inflation worse, it seems that by cutting prices for many of us, the budget will help bring down inflation sooner, writes Peter Martin.
The global stock performance is affected by U.S. jobless claims and modest rise in producer prices, indicating a slowing economy.