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$2 PARTY, page-6115

  1. Tekvest
    7,927 Posts.
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    02/05/24
    08:05
    Post #: 73620845
    Must be different news sources TB

    Powell signals rates will stay higher for longer






    Washington | The Federal Reserve signalled that US interest rates are likely to stay higher for longer because of sticky inflation in the world’s biggest economy, but dismissed any chance of a rate rise this year.

    The US central bank held interest rates on Wednesday (Thursday AEST) at 5.25 to 5.5 per cent, saying there had been “a lack of further progress” towards its 2 per cent inflation goal in recent months.

    ZIP Price at posting: $1.26 Sentiment: None Disclosure: Not Held
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