FOMC holds rates again

Experts say Fed faces difficult choices despite easing inflation

Federal Reserve
The Federal Reserve

The US Federal Open Market Committee (FOMC) held its policy rate steady once again in March, in a decision unanimously backed by all its 12 members. 

The target range for the federal funds rate sits unchanged between 5.25% and 5.5%, the rate the FOMC has set since July. 

Fed chair Jerome Powell said the Fed’s goals of price stability and stable employment are coming into better balance. He said it looks likely that the Fed will cut rates sometime this year. Any weakening in the labour market could

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