US interest rates held for fifth time in a row
•The Federal Reserve has held US interest rates for the fifth consecutive time.
•Current rates remain between 3.5% and 3.75%, affecting borrowing costs and savings returns.
•Inflation is still above the Fed's 2% target, with ongoing concerns about Middle East conflicts impacting oil prices.
US interest rates held for fifth time in a row Image source, Getty ImagesImage caption, Chairman of the Federal Reserve Kevin WarshPublished2 minutes agoUS interest rates have been held for the fifth time in a row by the Federal Reserve. The decision, which was broadly expected, means rates remain between 3.5% and 3.75%. Higher interest rates make borrowing more expensive for people wanting to secure loans, mortgages and credit cards, but can lead to better returns on savings.Policymakers decided to keep rates at the level they have been all year after inflation, the rate at which prices rise, slowed last month.Despite the fall, inflation remains above the Fed's 2% target and uncertainty remains over the impact of the ongoing conflict in the Middle East on global oil prices and subsequently general consumer prices in the coming months.Related topicsUS Federal ReserveInflationUS economyالمصدر: BBC Business | Source: BBC Business
→The Federal Reserve has held US interest rates for the fifth consecutive time.
→Current rates remain between 3.5% and 3.75%, affecting borrowing costs and savings returns.
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