The Federal Reserve on Wednesday left key interest rates unchanged but added a few words of caution about the health of the world's largest economy amid ongoing concerns over the European debt crisis.
FOMC, the Fed's policy-making arm, decided to keep the fed funds rate - a key overnight banking rate - steady at historic lows near zero.
The Committee's decision to stick with its low-interest-rate policy was widely expected, given the persistently high unemployment rate and continuing weakness in housing and consumer spending.
"Economic conditions including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period," the FOMC said in a statement.
The Fed policymakers are likely to keep interest rate policy accommodative until at least the end of the year, according to some experts.
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