Egypt Daily News – The U.S. Federal Reserve keeps interest rates unchanged for the second consecutive time, maintaining them within a range of 4.25% to 4.5%, in line with expectations.
This decision followed the Fed’s second monetary policy meeting of the year, which lasted two days to determine the future of interest rates, according to CNBC.
The Federal Reserve had previously cut interest rates three times in 2024, totaling a 1% reduction.
The March meeting came after last week’s data showed that inflation slowed more than expected in February, dropping to 2.8%. This reinforced expectations of further rate cuts later this year amid signs of economic slowdown.
Meanwhile, the U.S. economy added 151,000 jobs last month, below the expected 159,000 and compared to the revised January figure of 125,000, according to data from the U.S. Department of Labor.
