The US Federal Reserve on May 1 held interest rates steady for a sixth straight meeting, keeping the level at a 23year high to fight stubborn price increases.
After a two-day gathering, the US central bank decided unanimously to keep the benchmark lending rate unchanged at 5.25 per cent to 5.50 per cent, citing a "lack of further progress" towards its 2 per cent inflation target.
"The economic outlook is uncertain, and the committee remains highly attentive to inflation risks," the Fed said in a statement.
For months, the US central bank had held its benchmark lending rate at a high level to cool demand and rein in price increases. A slowdown in inflation in 2023 had fuelled optimism that the first cuts had been on the horizon.
But inflation had accelerated, throwing cold water on hopes of an early rate reduction.
The Fed said it did not expect to lower rates until it had "greater confidence" that inflation was moving sustainably towards its target.
Federal Reserve chair Jerome Powell told a press conference: "It is likely that gaining such greater confidence will take longer than previously expected".
While the US central bank was prepared to hold rates at a high level for as long as appropriate, Mr Powell added that it was "unlikely that the next policy rate move will be a hike".
ãã®èšäºã¯ The Straits Times ã® May 03, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ The Straits Times ã® May 03, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
BACKFLIPPING THEIR WAY TO EQUALITY
The women were competing, finally, at Red Bull Rampage in Virgin, Utah, considered the biggest and gnarliest mountain bike competition in the world.
Biden meets Trump at White House for transition talks
President Joe Biden hosted President-elect Donald Trump at the White House on Nov 13 in a meeting designed to demonstrate a smooth transition between administrations, even though Trump's team has yet to sign documents to start the handover process.
Song Jae-rim made debut with K-drama The Moon Embracing The Sun
South Korean actor Song Jae-rim, who acted in blockbuster television dramas, including The Moon Embracing The Sun (2012), died on Nov 12 at the age of 39.
UK writer Samantha Harvey wins with space novel Orbital
British writer Samantha Harvey (right) won the prestigious Booker Prize on Nov 12 for her short novel following six astronauts as they contemplate Earth from the International Space Station.
Singer Penny Tai has vertigo, but still game to put on concert
Malaysian singer Penny Tai has said a health issue prevents her from doing big movements.
S'porean actor Chin Han joins cast of Netflix series Avatar: The Last Airbender
Netflix has expanded the cast of live-action series Avatar: The Last Airbender in its second season, with Singapore actor Chin Han one of the latest eight additions.
Tenor Christoph Pregardien's Schubert recital simply spellbinding
CONCERT CHRISTOPH PREGARDIEN SINGS SCHUBERT'S DIE SCHONE MULLERIN
Puppet masters keep niche art form alive
The Finger Players, Paper Monkey Theatre and puppeteer Bright Ong are taking puppets to a wider audience
All We Imagine As Light tells a humane tale, Red One delivers overstuffed turkey
Two Malayali nurses in Mumbai negotiate their daily working-class grind. Dwayne Johnson and Chris Evans team up on a search-and-recovery operation when Santa Claus is abducted, mere days before Christmas Eve.
Crime comedy takes a stab at wellness culture
MURDER MINDFULLY Netflix â â â â â