March 20, 2025 11:05 AM March 20, 2025 11:05 AM
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US Federal Reserve holds interest rates steady
US Federal Reserve has kept its benchmark interest rate unchanged in the 4.25 per cent to 4.50 per cent range. The American central bank also indicated that two quarter-point interest-rate cuts are likely later this year. The Fed Reserve hiked its projection of US inflation for 2025 and downgraded t...