The US Federal Reserve left the key benchmark interest rates unchanged in the range of 5.25 percent-5.50 percent.
The decision was broadly in line with Wall Street estimates and market analysts.
The US central bank has maintained its key overnight interest rate at the 23-year high mark for 12 straight months – since July 2023 – to combat the worst inflation outbreak in 40 years.
However, in a post-policy press conference, Fed chair Jerome Powell signalled that it cut key.
The US Fed maintained that its interest rate decisions remain data-dependent.
In its statement, officials said the Fed is “attentive to the risks to both sides of its dual mandate” – price stability and full employment – adding that the central bank doesn’t expect to cut rates “until it has gained greater confidence that inflation is moving sustainably toward two per cent.”
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