US Economy | Fed keeps rates unchanged, signals faith in US economy

Fed keeps rates unchanged, signals faith in US economy

April 27, 2016 2:23 PM (UTC+8)

 

(From Reuters)

The Federal Reserve kept interest rates unchanged on Wednesday but signaled confidence in the U.S. economic outlook, leaving the door open to a hike in June.

U.S. Federal Reserve Chair Janet Yellen holds a press conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington on March 16.
U.S. Federal Reserve Chair Janet Yellen holds a press conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington on March 16.

The U.S. central bank’s policy-setting committee said the labor market had improved further despite a recent economic

slowdown and that it was keeping a close eye on inflation.

It added that global economic headwinds remained on its radar, but removed a specific reference from its last policy

statement to the risks they posed.

“The committee continues to closely monitor inflation indicators and global economic and financial developments,” the

Fed said in a statement following a two-day meeting.

It kept the target range for its overnight lending rate in a range of 0.25 percent to 0.50 percent. The Fed hiked rates in December for the first time in nearly a decade. Read more

 

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