Washington - Saba:
The Federal Reserve (the US central bank) kept its interest rate unchanged at a range of 4.25-4.5 percent.
US Federal Reserve policymakers projected economic growth to slow to 1.4 percent this year, the unemployment rate to rise to 4.5 percent by the end of 2025, and inflation to reach 3 percent in 2025, significantly higher than its current level.
The Federal Reserve (the US central bank) kept its interest rate unchanged at a range of 4.25-4.5 percent.
US Federal Reserve policymakers projected economic growth to slow to 1.4 percent this year, the unemployment rate to rise to 4.5 percent by the end of 2025, and inflation to reach 3 percent in 2025, significantly higher than its current level.