Fed Holds Rates Steady Amid Rising Inflation and Unemployment Risks
The Federal Reserve has kept interest rates unchanged, amidst increasing risks of inflation and unemployment, as a result of the current U.S. import tariffs. The central bank remains vigilant about the dual economic threats, awaiting further developments to guide monetary policy decisions in the coming months.
The Federal Reserve decided to hold interest rates steady following a comprehensive review of the economic situation, yet acknowledged growing threats of inflation and unemployment, complicating the U.S. economic outlook.
According to the central bank, while the economy continues to show strength, ongoing uncertainties have escalated, stemming from the U.S. administration's tariff policies.
The Fed remains attentive to balancing these risks and determined its course of action based on evolving labor market conditions and inflation trends.
(With inputs from agencies.)
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