BBC Business

'No magic wand' to tackle high prices, Fed boss says as US interest rates held

The Federal Reserve’s decision, which was broadly expected, means rates remain between the 3.5% and 3.75%.

•July 29, 2026•1 min read

'No magic wand' to tackle high prices, Fed boss says as US interest rates held

Major stock exchanges worldwide responded positively to trade agreement developments

The Federal Reserve’s decision, which was broadly expected, means rates remain between the 3.5% and 3.75%.