The U.S. Federal Reserve holds off rate cut amid sticky inflation.
© Reuters
JACK STONE TRUITT, Nikkei staff writer |
NEW YORK — The Japanese yen strengthened to 153.10 to the U.S. dollar at its peak on Wednesday following the U.S. Federal Reserve’s decision to keep interest rates steady.
The Fed’s latest policy statement pointed to disappointing inflation data and suggested holding off from any policy rate move would allow the economy to balance out.
