BBCNEWS World July 5, 2024
in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. we'll have more on the uk's rate decision in a moment but first michelle fleury has the latest from the united states. for the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march 2022. but, for rate—weary americans, they'll likely have to wait a few more months to see any relief given these comments by fed chairjerome powell. based on the meetin...