The Federal Reserve left its benchmark interest rate unchanged and signaled no changes next year after its latest meeting to evaluate the economy. The Fed's...
The Federal Reserve left its benchmark interest rate unchanged and signaled no changes next year after its latest meeting to evaluate the economy. The Fed's so-called dot plot shows no rate hikes in 2020 and just one in 2021.
The "current stance of monetary policy is appropriate to support sustained expansion of economic activity," the Fed said Wednesday. The U.S. appears to have stabilized at steady but slower rate of growth and inflation is still below the Fed's 2% target. The vote was unanimous to leave the short-term fed funds rate at a range of 1.5% to 1.75%.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed sees no action on rates until 2021The Federal Reserve released its forecast for its main interest rate on Wednesday.
Read more »
Fed holds rates steady and indicates no changes through at least 2020FED DECISION: The U.S. Federal Reserve has unanimously voted to leave interest rates unchanged.
Read more »
Fed leaves rates steady, signals pause in 2020The Federal Reserve holds interest rates steady, halting a series of rate cuts that lifted markets and countered recession fears
Read more »
Dow slightly lower as stocks open mixed before last Fed meeting of yearU.S. stocks opened mixed on Wednesday ahead of an eagerly awaited policy update by the Federal Reserve which could deliver clues on the interest rate...
Read more »
European stocks seen mixed as investors await Fed decision and US-China trade newsEuropean stocks are expected to make a cautious start Wednesday as investors await the U.S. Federal Reserve's interest rate decision.
Read more »