Breaking: US Fed Keeps Interest Rates Steady at 5.25% to 5.50%

The Federal Reserve (Fed) has decided to keep interest rates steady. This decision leaves the benchmark overnight interest rate in the 5.25% to 5.50% range. The Federal Reserve’s decision comes after a two-year period of aggressive monetary policy tightening. This was in response to a significant inflation surge, reaching a 40-year peak. The central bank’s move signals a careful approach towards managing economic growth and inflation pressures.