US Fed holds interest rates steady citing ‘elevated’ inflation
Elevated inflation partly reflects supply shocks that that have increased prices, including of energy, the Fed said.

Dr George Dransfield says the decision to cut funding is "short-sighted".
Read Full Article on BBC ScienceElevated inflation partly reflects supply shocks that that have increased prices, including of energy, the Fed said.

Despite Iran war and high inflation: Kevin Warsh, head of the Federal Reserve, keeps the key interest rate as expected stable. The interest rate range remains at 3.50 to 3.75 percent.
The benchmark KOSPI .KS11 sees steep decline as interest in chipmakers falls.
The ban largely affects U.S. imports from China, which currently dominates the global market for making humanoid robots and solar inverters.

Exclusive: Sources say Fiona Cottrell told bankers the transfers, received 24-72 hours before her donations to Reform, came from her son The convicted fraudster George Cottrell transferred a total of…

BBC business reporter Dearbail Jordan explains how it works from inside the Bank of England.