US financial news live updates: Social Security checks, stock market, interest rates, inflation
Hello and welcome to AS USA's live blog covering financial news.
This has been a big week. The US Federal Reserve Chair, Jerome Powell, made an announcement on Wednesday stating that there will be no increase in interest rates for June. This marks the first time in the last fifteen months that rates will remain unchanged. Although Chair Powell mentioned the possibility of a rate hike in July, the Federal Open Market Committee is currently assessing the impact of their monetary policy changes and has decided that a temporary pause is the most prudent course of action.
Source: AS USA
