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LIVE: US Fed Meeting Outcome - 25 bps hike announced, FOMC committee committed to returning inflation to 2 pc objective | Jerome Powell's Press Conference Live

LIVE: US Fed Meeting Outcome - 25 bps hike announced, FOMC committee committed to returning inflation to 2 pc objective | Jerome Powell's Press Conference Live

US Fed Meeting Outcome: The US Federal Reserve delivered a 25 bps rate hike and flagged possible pause in tightening cycle. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 5 to 5 ...

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