WASHINGTON, D.C.: The US Federal Reserve (Fed) is expected to hold interest rates steady for a sixth straight meeting, with a summer start to cuts looking less likely owing to stubborn inflation.

For months, the US central bank has maintained its benchmark lending rate at a 23-year high to cool demand and rein in price increases — with a slowdown in inflation last year fueling optimism that the first cuts were on the horizon.

Subscribe to unlock this article
Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
Subscribe to the Premium + Digital Edition Plan
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details