Federal Reserve Holds Key Interest Rates Steady Amid Economic Uncertainty and Inflationary Pressures
Updated: 08 May 2025, 01:32 AM IST
The US Federal Reserve's FOMC decided to keep key benchmark interest rates unchanged due to economic uncertainty and inflationary pressures.
The US Federal Reserve's FOMC (Federal Open Market Committee) on Wednesday, May 7, 2025, decided to keep the key benchmark interest rates steady and “unchanged,” citing the risks of economic uncertainty and inflationary pressures on the US economy. This is a developing story. Please check back for updates.