US Fed holds rates steady as construction prices rise

The US Federal Reserve (Fed) left its benchmark interest rate unchanged at 4.25%–4.50% on 30 July, maintaining a policy stance aimed at curbing inflation while monitoring the broader economic outlook.

The decision, announced following the Federal Open Market Committee’s latest meeting, was expected by most analysts.

The announcement involved some historic intrigue, however, as two Fed governors, Christopher Waller and Michelle Bowman, dissented in favour of lowering rates; a rare move that suggests some division among officials of the central…

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Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]
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