The US Federal Reserve has kept its benchmark interest rate at the current range of 4.25% – 4.50%, as it expects slower growth, higher inflation and slightly higher unemployment by the end of the year than it previously forecast. The move was widely expected, including by Donald Trump, who nonetheless insulted Fed Chairman Jerome Powell again. Plus, Nippon Steel has completed its takeover of US Steel after agreeing to let the US government have significant control in business decisions.
Trending
- New York Knicks beat Spurs to claim first NBA title in 53 years
- Curacao’s World Cup dream: ‘Nothing is impossible’
- Al Pacino ‘deeply grateful’ as he receives prestigious Shakespeare award
- 2026 World Cup set to generate nearly $41bn in economic output
- Gold surge sends vintage watches to the melting furnace as experts rue loss of classic timepieces
- The Empire Film Podcast Ft. Disclosure Day Writer David Koepp
- Lab-grown Tyrannosaurus leather bag fails to sell at auction
- ‘I worked every day’: How David Hockney fell in love with France during the Covid lockdown
