US Federal Reserve: Fed leaves key interest rate at high level for the fourth time in a row

The US Federal Reserve (Fed) is leaving its key interest rate unchanged at a high level for the fourth time in a row. It remains in the range of 5.25 to 5.5 percent, as the Central Bank Council announced on Wednesday in Washington. Commercial banks can borrow central bank money at this rate. The decision was expected. It is the highest value in more than two decades. Since March 2022, the Fed has raised its key interest rate by more than five percentage points at a record-breaking pace in the fight against inflation – but has recently stopped adjusting the interest rate screw.