Kathmandu. The US Federal Reserve is highly likely to maintain current interest rates at its upcoming meeting, a move analysts attribute to the prevailing economic and geopolitical climate. Interest rates are currently in the range of 3.50 percent to 3.75 percent, and they are expected to remain unchanged.
The primary driver is the ongoing conflict in the Middle East, which has disrupted global oil supplies. Rising fuel and energy costs have increased production, transportation, and consumer goods prices in the US, placing further pressure on inflation.
US inflation has reached 3.3 percent, the highest level in nearly two years. The Federal Reserve’s core mandate is to maintain price stability and balance the labor market. However, achieving this balance is increasingly difficult, as the need for a tight monetary policy to curb inflation conflicts with…
