The U.S. Federal Reserve announced Wednesday that it will keep the target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, aligning with market expectations.
This marks the third consecutive time since January that the Fed has held rates steady.
"Uncertainty about the economic outlook has increased further," the Federal Open Market Committee (FOMC), the central bank's policy-setting body, said in a statement following a two-day meeting, citing the risks of higher unemployment and rising inflation as key factors influencing its stance.
The Fed stated it will "carefully assess incoming data, the evolving outlook, and the balance of risks" to determine the extent and timing of any future rate adjustments.
U.S. Fed keeps interest rates unchanged
China Media Group (CMG) held a symposium in Beijing on Tuesday to mark the 85th anniversary of the founding of the people's radio broadcasting.
Representatives of current and veteran radio hosts, scholars, and audience exchanged views on ways to promote cultural excellence and advance media integration.
The meeting noted that over the past 85 years, the people's radio broadcasting has developed in step with the nation and responded to public expectations.
China has accelerated high-quality development and innovation in radio broadcasting since the 18th National Congress of the Communist Party of China (CPC) in 2012.
In recent years, China has pursued reform and innovation in radio broadcasting within the integrated framework of CMG, which was established in 2018. The sector has achieved a historic leap, featuring enriched content, diversified channels, deepened media convergence, and stronger influence in public opinion.
China commenced the people's radio broadcasting 85 years ago as Yan'an Xinhua Radio Station started broadcasting on Dec 30, 1940. In September 1947, Yan'an Xinhua Radio Station launched its first English program. It moved to Beijing in March 1949 and became a national radio after the founding of the People's Republic of China.
CMG holds symposium to mark 85th anniversary of founding of people's radio broadcasting
