US Fed says further interest rate hike unlikely going ahead

Washington [US], May 2 (ANI): US Federal Reserve Chair Jerome Powell said a further interest rate hike from here is unlikely and the central bank is currently focused on its restrictive monetary policy stance.

"I think it's unlikely that the next policy rate move will be a hike. I would say it's unlikely. Our policy focus is on how long to keep the policy restrictive," Powell told reporters at a post-monetary policy meeti