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U.S. Fed leaves interest rates unchanged as inflation cools

CGTN

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve in Washington, DC.,  December 13, 2023. /CFP
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve in Washington, DC., December 13, 2023. /CFP

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve in Washington, DC., December 13, 2023. /CFP

The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as inflation continued to cool, signaling an end to its rate hiking cycle. 

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