'No magic wand' for prices as US interest rates hold steady

The US Federal Reserve has maintained its key interest rate at 3.5% to 3.75%, with its boss acknowledging that there is no quick fix for tackling high prices.

Reported by BBC Business

By AUZZ Newsdesk (BBC Business)

Published Wednesday 29 July 2026 at 8:40 pm AEST 2 min read

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'No magic wand' for prices as US interest rates hold steady

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'No magic wand' for prices as US interest rates hold steady

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