Source: United States & Canada – South China Morning PostThe US Federal Reserve kept interest rates unchanged on Wednesday as expected, in defiance of President Donald Trump as the world’s largest economy battles stubborn inflation, weak labour demand and an “uncertain” outlook due to the war in Iran.
The Fed’s 11-1 vote kept rates steady at a range between 3.50 per cent and 3.75 per cent, with officials flagging one expected rate cut by the end of the year.
“The implications of developments in the Middle East for the US economy are uncertain,” the…Read More