The US Federal Reserve has decided to keep interest rates at their current level for the second time in a row. The decision comes as evidence shows that the US economy is still strong. The benchmark federal funds rate is now between 5.25% and 5.5%. The Federal Reserve’s goal is to bring inflation down to 2%, but they are not confident that they have achieved this yet. Despite this, they will proceed with future decisions carefully to ensure the economy is not negatively affected. In other news, the Bank of England is expected to keep interest rates high, tech billionaire Elon Musk and UK Prime Minister Rishi Sunak will be doing an interview together, and several companies, including Apple and Starbucks, will be reporting their results. Other stories include Joe Biden’s call for a pause in fighting in Gaza and Lloyds Banking Group rejecting a £1bn offer by the Barclay family to reclaim the Telegraph.
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