The US Federal Reserve (Fed) left interest rates unchanged on Wednesday, keeping its benchmark target range at 4.25 per cent to 4.50 per cent, while noting that recent economic indicators point to solid growth and continued strength in the labor market. The central bank acknowledged that inflation remains "somewhat elevated," but said uncertainty around the economic outlook has eased, though it remains "elevated." The decision reflects the Fed's ongoing balancing act between supporting employment and steering inflation back toward its 2 per cent target. The Fed said the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks," It indicated it remains data-dependent in determining the timing and extent of future rate adjustments. While the Fed offered no clear signal on when it might begin easing policy, it reaffirmed its commitment to reducing its balance sheet and said it is prepared to adjust its stance "if risks emerge" that threaten its dual mandate. All 12 voting members, including Chair Jerome Powell and Vice Chair John Williams, supported the decision. Attribution: Amwal Al Ghad English Download
