(Central News Agency, Washington, 17th - comprehensive international report) Amid rising inflation in the United States, the Federal Reserve (Fed) decided once again to hold interest rates steady during its policy meeting today, marking the fourth consecutive time the Fed has kept rates unchanged.
The U.S. Consumer Price Index (CPI) for May rose 4.2% year-on-year, significantly higher than April's 3.8% increase, marking the third consecutive monthly rise and the highest annual gain since April 2023.
Following the Fed's announcement of its latest interest rate decision, markets closely watched the post-meeting remarks by newly appointed Fed Chair Kevin Warsh. (Compiled by: Chen Cheng-chien) 1150618
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- Source: CNA (Central News Agency)
- Category: Taiwan