US Fed set to hold rates steady again on cost hikes

WASHINGTON, United States – The US central bank is widely expected to keep interest rates unchanged at its policy meeting this week, as energy prices stay high and supply chains snarled due to war in the Middle East. The Federal Reserve’s two-day meeting, starting Tuesday, could be chairman Jerome Powell’s last at the helm of the independent institution. But it takes place against a tricky backdrop. Powell’s likely successor — Trump’s nominee Kevin Warsh — has faced a bumpy road to confirmation, while policymakers battle competing pressures as steeper fuel prices drive inflation and job market worries linger. READ: Justice […]... Keep on reading: US Fed set to hold rates steady again on cost hikes

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