US: Fed approves quarter-point hike, indicating improved inflation outlook
This decision comes after months of increasing the rate with the intention to cool the economy and marks the return to a more traditional interest-rate policy.
This decision comes after months of increasing the rate with the intention to cool the economy and marks the return to a more traditional interest-rate policy.
“While the delta variant presents a near-term risk, the prospects are good for continued progress toward maximum employment,” Powell said.
The US central bank left interest rates unchanged but opened the door for a possible rate cut in the future.
