Fed Keeps Interest Rates Unchanged Amid Concern for Below-Target Inflation
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(Worthy News) – The Federal Reserve’s interest rate-setting body decided Wednesday to keep the benchmark Federal Funds target rate unchanged within the 1.5 to 1.75 percent range.
Members of the Federal Open Market Committee (FOMC) met on Jan. 28-29 to consider economic data before issuing a policy decision on an interest rate hold, cut, or hike.
Citing labor market strength, in particular, solid job gains and low unemployment, as well as economic activity that “has been rising at a moderate rate,” participants decided to keep rates steady. [ Source: Epoch Times (Read More…) ]
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