US Fed "Rate Freeze, Future Adjustments to be Determined... Inflation Slightly High"

The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) announced in an official statement on the 7th (local time) that "recent economic indicators remain robust, but the benchmark interest rate will be frozen. Future adjustments will be determined based on data."

It continued, "The unemployment rate has stabilized at a low level in recent months, and the labor market remains strong, but inflation is slightly high," adding, "Recently, economic outlook uncertainty has increased, and the risks of high unemployment and high inflation have both risen."

Furthermore, "All members, including Chairman Jerome Powell, agreed to freeze the interest rate at this meeting," it added.