New Delhi, April 29 -- The US Federal Reserve on Wednesday, 29 April, avoided surprising markets by keeping the federal funds rate unchanged for the third consecutive meeting at 3.5%-3.75% amdi increased risk of inflation rising due to higher global energy prices.

The US Federal Open Market Committee (FOMC) met on April 28-29 to decide the policy rates amid high uncertainty stemming from the West Asian war. This was likely the last policy meeting of Jerome Powell as the Fed chief as his term expires on May

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Published by HT Digital Content Services with permission from MINT....