New Delhi, Jan. 30 -- The US Federal Reserve has decided to maintain its key interest rate unchanged, holding the target range for the federal funds rate at 4.25 per cent to 4.5 per cent.

The decision comes as the central bank assesses the current state of the US economy, which remains strong despite some inflationary pressures.

Chair Jerome Powell, addressing the press after the Federal Open Market Committee (FOMC) meeting, emphasised that while inflation has eased considerably over the past two years, it remains slightly above the Fed's 2 per cent target.

Powell noted that the economy continues to expand at a solid pace, with consumer spending remaining resilient.

However, investment in equipment and housing has shown signs of slowi...