Fed leaves rates unchanged, sees no hurry to cut again

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Fed leaves rates unchanged, sees no hurry to cut again - Channel News Asia

Quick Summary:

WASHINGTON: The US central bank held interest rates steady on Wednesday (Jan 29) and Federal Reserve Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate.

Short-term interest rate futures showed that investors expect the central bank to hold off on cutting rates again until June.

"In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the committee will carefully assess incoming data, the evolving outlook, and the balance of risks," it added.