Central Banks Hold Steady Amid Uncertainty

[wisdom01]

U.S.Federal Reserve has held interest rates at a 23-year high, signaling only one potential cut is likely this year as inflation proves more persistent than hoped.

Concurrently, the Bank of Japan left its policy settings unchanged, causing the Yen to weaken further against the dollar. These decisions reflect a global "higher-for-longer" interest rate environment, impacting mortgages, business loans, and government debt worldwide.