The US Federal Reserve kept interest rates unchanged on Wednesday amid concerns of projected economic slowdown and unemployment.

WASHINGTON: The US central bank held interest rates steady on Wednesday (Mar 19), and while its policymakers indicated they still expect to reduce borrowing costs by half a percentage point by the end of this year, Federal Reserve Chair Jerome Powell made it clear they would wait for more clarity on Trump administra

The Federal Reserve held interest rates steady on Wednesday, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year.