The US Federal Reserve (central bank) Wednesday kept the interest rate unchanged in the range of 5.25 percent to 5.5 percent. At the conclusion of their two-day meetings, US Federal Reserve officials revealed their expectations to reduce the interest rate only once during the current year, after indicating the possibility of reducing it three times in estimates last March, amid the inflation rate approaching the target of about 2. percent slower than expected. US monetary policymakers expect interest rates to average 4.1 percent by the end of next year, suggesting four additional one-time quarter-point cuts in 2025. Source: Qatar News Agency
Related Articles
Government Spokesman: This year and the coming will witness progress on important projects that affect the lives of citizens
The official Spokesman for the Iraqi government, Bassem Al-Awadi, announced today, Monday, that the current and next year will witness the movement of important projects that affect the lives of the citizen.
Al-Awadi said in a televised statement: ‘T…
DAAM Partners with Ministry of Sports and Youth to Fund 16th School Robotic Competition
Doha: The Social and Sport Contribution Fund (DAAM) has officially partnered with Qatar Scientific Club, an affiliate of the Ministry of Sports and Youth, to fund its 16th School Robotic Competition. The tournament, a fast-growing event organized annu…
Egypt president’s Ankara visit mirrors growing political, economic bonds
Egyptian President Abdelfattah Al-Sisi’s visit to Tuyrkiye on Wednesday at the invitation of his Turkish counterpart Recep Tayyip Erdogan, reflects the continued growth of economic and trade ties following the resumption of diplomatic and political r…