Inflation worries continue for US Fed, no policy rate cut for sixth time

Washington [US], May 2 (ANI): The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent, keeping the policy rate unchanged for the sixth straight time on the trot.

During the COVID-19 pandemic, the interest rates were near zero.

Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helpin