After raising interest rates by a quarter point last month, the Federal Reserve announced its widely expected decision to leave interest rates unchanged on Wednesday.
Source: www.rttnews.com
The US Federal Reserve has left interest rates unchanged, which is in line with analysts’ expectations. The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 2.25 to 2.5% to foster maximum employment and price stability. The Federal Reserve said it will be patient as it determines what future adjustments are required to maintain the appropriate target range for the federal funds rate. The Federal Reserve had raised short-term interest rates by 0.25% in December.
