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Fed holds interest rates steady - for now

2023-09-21 02:18
The US central bank is debating whether it has done enough to stabilise prices.
Fed holds interest rates steady - for now

The US central bank has kept its key interest rate unchanged as it debates whether it has done enough to stabilise prices.

The decision left the Federal Reserve's rate target at 5.25%-5.5%, the highest level in more than two decades.

The bank has already raised borrowing costs from near zero...