US Fed holds interest rates steady despite lingering inflation concerns
The US Federal Reserve held interest rates steady on Wednesday in a 10-2 vote, as officials opted for patience amid lingering inflation concerns. The decision was expected to be a short reprieve from raising short-term interest rates after the Fed raised its target range to 3.75 to 4 per cent last month. The UAE Central Bank , which follows Fed decisions because of the dirham's peg to the dollar,…
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