U.S. Federal Reserve holds interest rate, saying it will take 'longer than expected' to start cutting

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target.

source https://www.cbc.ca/news/business/us-federal-reserve-interest-rates-1.7190790?cmp=rss