US Fed Meeting Underway; Markets Expect Steady Rates Amid Inflation Concerns

The US Federal Reserve's Open Market Committee (FOMC) convened, with expectations for interest rates to remain unchanged. Policymakers are grappling with persistent inflation, currently at 3.5% year-on-year and projected to rise due to fluctuating oil prices and geopolitical events. While some policymakers indicated a potential rate hike later this year, the immediate focus is on price stability amidst political pressure. This steady-rate outlook could offer some stability to international gold prices, potentially easing pressure on the Pakistani Rupee against the dollar in the short term.

بحوالہ / Source: www.brecorder.com