US fed leaves interest rate unchanged

News Image

MG News | June 14, 2023 at 11:00 PM GMT+05:00

0:00

June 14, 2023 (MLN): The U.S. Federal Reserve decided to maintain the interest rate at 5-5.25%, holding the target range steady at this meeting allows the Committee to assess additional information and its implications for monetary policy.

However, the Committee expressed strong support for more rate hikes this year and would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals.

Fed officials see fed funds rate at a median of 5.6% at end of 2023, implying two more rate hikes.

The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

The Fed sees inflation at 2.5% by the end of 2024.

It is pertinent to note that, this is the first time in 15 months, the Fed did not raise rates.

Copyright Mettis Link News 

Related News

Name Price/Vol %Chg/NChg
KSE100 133,782.35
325.79M
0.91%
1205.36
ALLSHR 83,615.82
940.14M
0.76%
632.14
KSE30 40,681.77
65.23M
0.80%
322.98
KMI30 191,640.88
61.56M
0.48%
913.56
KMIALLSHR 55,891.51
405.64M
0.35%
193.03
BKTi 36,988.68
20.05M
2.06%
746.62
OGTi 28,181.50
5.52M
-0.50%
-141.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 114,180.00 114,280.00
110,880.00
1935.00
1.72%
BRENT CRUDE 68.77 70.48
68.58
-1.42
-2.02%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.00
1.04%
ROTTERDAM COAL MONTHLY 108.60 110.00
108.60
0.85
0.79%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.66 68.65
66.58
-1.72
-2.52%
SUGAR #11 WORLD 16.26 16.56
16.22
-0.30
-1.81%

Chart of the Day


Latest News
July 10, 2025 at 07:25 PM GMT+05:00

SBP reserves rise to $14.5bn in a week


July 10, 2025 at 05:14 PM GMT+05:00

Car sales rise 64% in June 2025


July 10, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan rises Rs3,200 per tola


July 10, 2025 at 04:33 PM GMT+05:00

PSX Closing Bell: El Toro


July 10, 2025 at 04:33 PM GMT+05:00

PKR weakens by 10 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg