Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now

Federal Reserve policymakers are losing patience with inflation, which has been stuck above their 2% target for more than five years

Federal Reserve policymakers are losing patience with inflation, which has been stuck above their 2% target for more than five years

In all likelihood, the Federal Reserve Board will leave interest rates unchanged when it concludes its two-day meeting on Wednesday. Yes, inflation remains above the Federal Reserve’s 2% target, but that is largely because of transitory factors such as higher energy prices, which are a consequence of geopolitical event

The sudden resignation of Bank Indonesia’s governor highlights a dilemma that he and his central bank peers in the region have faced in calibrating interest rates – either tighten policy to defend weakening currencies and contain inflation, or loosen it to support pro-growth mandates – according to analysts. Perry Warj

The Federal Reserve is expected to keep its overnight rate unchanged at the conclusion of its July meeting.

Central bank keeps policy rate unchanged at 11.5pc  Dawn

Consumer inflation has undershot expectations for three successive months