U S Fed leaves interest rates unchangedCorrected

The U.S. central bank on Wednesday confirmed it’s ready to begin cutting its benchmark interest rate as inflation drops closer to its target range. The Federal Reserve held off raising the rate it hiked dramatically to force prices down. And new data suggests projections about damaging the economy through those aggressive rises have been upended. CGTN’s Owen Fairclough reports. Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.