This chapter provides an update on the U.S. Federal Reserve's decision to keep interest rates unchanged and Federal Reserve Chair Jay Powell's statement that rate cuts are unlikely in the near future.
The US Federal Reserve held interest rates at a 23-year high, the EU’s battle with Hungarian prime minister Viktor Orbán could come to a head on Thursday, and Boeing withheld its usual financial guidance for the coming year while vowing to focus on the safety of its operations.
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