What happened: The US Federal Reserve decided to keep interest rates unchanged, despite two officials voting for a cut, including a former adviser to Donald Trump.
Why it matters:
- Maintaining current rates affects borrowing costs for consumers and businesses.
- The Fed's stance on independence signals its commitment to policy decisions free from political pressure.
MNN Take: The Fed's decision reflects caution amid economic uncertainty, balancing inflation control with growth concerns while emphasising its autonomy in setting monetary policy.
Sources: BBC US & Canada