Interest rates stay steady at latest Federal Reserve meeting The Federal Reserve has maintained its current stance on interest rates, in line with market expectations. Consequently, the benchmark borrowing rate remains unchanged, ranging from 5.25% to 5.5%. Nevertheless, the central bank has conveyed its intention to keep interest rates at elevated levels for an extended duration. Fed Chair Jerome Powell emphasized that the central bank's primary focus is reestablishing price stability, as ignoring this objective can have severe repercussions on the economy.

https://en.as.com/latest_news/us-business-news-live-updates-rate-hike-pause-social-security-benefits-snap-payments-n/

#as