US Federal Reserve keeps key lending rate unchanged

AFP  |  Washington 

The US Federal Reserve today made no change in the benchmark and downplayed recent weak economic growth, a signal it likely will remain on course for gradual rate hikes.

The Fed's policy-setting voted to keep the federal funds lending rate in a range of 0.75-1.0 per cent, just as most analysts had expected.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

US Federal Reserve keeps key lending rate unchanged

The US Federal Reserve today made no change in the benchmark interest rate and downplayed recent weak economic growth, a signal it likely will remain on course for gradual rate hikes. The Fed's policy-setting Federal Open Market Committee voted to keep the federal funds lending rate in a range of 0.75-1.0 per cent, just as most analysts had expected. The US Federal Reserve today made no change in the benchmark and downplayed recent weak economic growth, a signal it likely will remain on course for gradual rate hikes.

The Fed's policy-setting voted to keep the federal funds lending rate in a range of 0.75-1.0 per cent, just as most analysts had expected.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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