While there were no surprises in the US Federal Reserve’s policy decision on Wednesday, May 7, Chair Jerome Powell issued clear warnings for investors — the growth-inflation dynamics in the world’s largest economy appear murky, and the worst may still be yet to come.
The US Federal Reserve’s FOMC (Federal Open Market Committee) decided to keep the key benchmark interest rates unchanged at 4.25–4.50 per cent and flagged growing risks stemming from President Donald Trump’s aggressive tariff policy regime.
(This is a developing story. Please check back for fresh updates.)
