Federal Reserve expected to hold INTEREST RATES steady

The Federal Reserve is expected to hold interest rates steady this week as policymakers weigh rising oil prices and new economic uncertainty in what could be chair Jerome Powell’s last meeting as chair before his term expires next month.

There is little doubt the Fed will continue holding its benchmark interest rate steady at the end of its meeting on Wednesday. Rates have been at a range of 3.5% to 3.75% since December as most officials wanted to see more signs of progress on inflation that has been running above the 2% target for years.

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