New Delhi, March 20 -- The US Federal Reserve announced its second monetary policy decision for 2025 after a two-day Federal Open Market Committee (FOMC) meeting and kept its benchmark interest rate steady at 4.25-4.50 per cent. The US central bank kept the key rates steady for the second straight meeting after its January policy meeting review- the first policy decision under Donald Trump's presidency.

US Fed chair Jerome Powell-led rate-setting panel projected two quarter-percentage-point rate cuts by the end of this year. "The committee would be prepared to adjust the stance of the monetary policy as appropriate if risks emerge that could impede the attainment of the goals," said the FOMC in its statement.

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