The Fed Holds Interest Rates Unchanged
The United States (US) Central Bank, the Federal Reserve (Fed) kept its monetary policy unchanged on Wednesday (1/30) after previously cutting interest rates by 25 basis points (bps) to 4.25%-4.5% in December.
This is in line with market players' expectations, which continue to focus on cuts this year only 2 times in hopes of cuts in the future.
Source: Newsmaker