Fed declines to hike, but points to rates staying higher for longer

US Federal Reserve keeps rates unchanged, signals one more hike this year

The 19 members of the Fed's rate-setting committee conveyed growing optimism that they will manage to slow inflation to their 2% target.

Fed holds hike but points to rates staying higher for longer

The Federal Reserve held interest rates steady, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year.

ASX sheds 1.3 per cent on the back of risk of another US rate hike, former ACCC chair Fels probes price gouging — as it happened

More than 1 per cent was wiped off the ASX today, in line with global markets, after the US central bank stiffened its hawkish stance, while former ACCC chair Fels probed price gouging.

Fed Keeps Rates Unchanged While Signaling Another Hike Likely This Year To Fight Inflation

Inflation is running well above the Fed's 2 percent target, and its policymakers say they aren't close to declaring victory.

Fed leaves interest rates unchanged, but could they rise again soon?

The Federal Reserve’s decision indicates that it is moderating its fight against inflation as price pressures have eased.

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

Federal Reserve Board Chairman Jerome PowellDrew Angerer/Getty WASHINGTON — The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. But Fed officials also signaled that they expect to raise rates once more this year.The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has…