New Delhi, May 2 -- The US Federal Reserve is expected to hold interest rates steady through 2026, as persistent inflationary pressures and internal divisions among policymakers reduce the likelihood of any near-term rate cuts.
At its latest meeting, the Federal Open Market Committee (FOMC) kept the benchmark rate unchanged at 3.5-3.75pc for the third consecutive time.
The decision, however, was not unanimous, reflecting a split within the central bank. While some members favoured maintaining or even tightening the stance, others continued to support the possibility of rate cuts, underscoring uncertainty over the future policy path.
A key shift in the Fed's outlook has been its stronger assessment of inflation. Policymakers now describe ...