US Fed Holds Interest Rate at 4.25–4.5% for Fourth Time

The Federal Reserve has held its benchmark interest rate steady at 4.25–4.5% for the fourth consecutive time, following a two-day policy meeting. The decision was published on the regulator’s official website.

The Fed confirmed its long-term goal of bringing inflation down to 2%. It also noted that the US economy continues to show steady growth, although a modest rise in prices has been observed.

The decision aligned with forecasts by analysts surveyed by Reuters. However, market expectations point to a possible rate cut in September or October.

Earlier, reports suggested that US President Donald Trump considered dismissing Federal Reserve Chair Jerome Powell over the central bank’s rate hike decisions. However, Trump later decided not to proceed with the dismissal.

Previously, Kursiv Uzbekistan reported that Moody’s downgraded the United States’ long-term credit rating in May this year.