US Fed holds interest rates steady citing ‘elevated’ inflation
Elevated inflation partly reflects supply shocks that have increased prices, including of energy, the Fed said.
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Elevated inflation partly reflects supply shocks that have increased prices, including of energy, the Fed said.
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Defence contractors, energy companies and investment banks saw profits soar as war and uncertainty upended markets.
Petrol prices lead the surge with a 33.2 percent price increase on an annual basis.
Greenspan presided over economic turbulence, including crises and booms, during his 18-year tenure as Fed chairman.
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