BREAKING: US interest rates held after inflation fell to less than half UK's rate
The Federal Reserve, which is the US central bank, has held interest rates after 10 consecutive rises.
The decision was announced a day after official figures showed US inflation was 4% - less than half the UK's current level of 8.7%. Latest data from the Bureau of Labor Statistics said prices rose 4% in May, the lowest pace of increases in more than two years.5% to 5.25%, a high not previously seen since 2007.
The Fed had been increasing rates in an effort to dampen economic activity and bring price rises down to the regulator's 2% target.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Residents fume after breaking hips and feet on 'hidden' kerbThe new kerb was part of a multi-million pound investment deal in the town
Weiterlesen »
This Morning pulled off air with breaking news amid 'major Nottingham incident'This Morning was briefly pulled off air on Tuesday 13 June as ITV News brought a breaking update amid a 'major incident' in Nottingham, where three people have been found dead
Weiterlesen »
Air pollution alert triggered for London amid hot weatherBREAKING: The Mayor of London has issued a high air pollution warning linked to air currents and ongoing hot weather.
Weiterlesen »
Breaking barriers: hydrogel reservoir unleashes the potential of HSV-1 virotherapy in cancerBreaking barriers: hydrogel reservoir unleashes the potential of HSV-1 virotherapy in cancer CommsBio hydrogel hsv1 HSV1 cancer therapy immunotherapy
Weiterlesen »
Boots' £5 cream that 'feels luxurious without breaking the bank'One shopper said: 'My skin has never felt better'
Weiterlesen »