Fed Holds Interest Rates Steady Amid Global Uncertainty‼️
The U.S. Federal Reserve (The Fed) decided to keep its benchmark interest rate unchanged between 4.25% and 4.50% during the FOMC meeting held early Thursday (June 19).
This marks the fourth time in a row since December that The Fed has hit pause on rate changes, signaling a more cautious approach.
Meanwhile, the crypto market showed a small boost, with total market capitalisation rising 0.35% over the past 24 hours.
The Fed chose to hold rates steady while keeping a close eye on several global issues. These include recent policy shifts under President Donald Trump, ongoing tensions in the Middle East, and the uncertainty caused by the continuing trade war.
Despite rising prices of basic goods and a growing unemployment rate, U.S.
inflation is now under control, and the job market remains relatively strong.
Stay sharp and stay informed
