New Delhi, Jan. 30 -- After a two-day Federal Open Market Committee (FOMC) meeting, the US Federal Reserve announced on January 29 that interest rates would remain unchanged at 4.25-4.50 per cent at this juncture. The US Fed chair Jerome Powell-led rate-setting panel last cut rates for three straight meetings starting September 2024 for the first time in four years.

As Mint reported earlier, Powell said in the post-policy press conference that the central bank does not need to be in a hurry to adjust the policy stance. He underscored that the rate pause is to see further progress on inflation. FOMC stated that labour market conditions remain solid, and inflation remains 'somewhat elevated'.

The US Federal Reserve's decision to pause rat...