October 22, 2019, 1:22


US Federal Reserve Leaves Key Interest Rates Unchanged at 2 to 2.25 Percent

US Federal Reserve Leaves Key Interest Rates Unchanged at 2 to 2.25 Percent

WASHINGTON (Sputnik) – The United States’ benchmark interest rate will remain unchanged at 2 to 2.25 percent, the US Federal Reserve’s policy-setting Federal Open Market Committee (FOMC) said in a statement after a policy meeting on Thursday.

“In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 2 to 2-1/4 percent,” the statement said.

The Fed cited a strengthening labor market, declining unemployment and strong household spending as factors in its decision.

In September, the Fed raised the federal funds rate a quarter of a percentage point from 2 percent to 2.25 percent, the third rate increase this year.

Following the 2018 financial crisis, the Fed kept rates at near record lows for years to stimulate the economy.

READ MORE: Federal Reserve Helped US Top Banks to Avoid Stress Tests Failure — Reports

The Central Bank has increased rates gradually over the past three years and earlier signaled it could raise rates one more time before  the end of the year.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today10/21/2019
16℃

Tue
10/22/2019
scattered clouds

  • scattered clouds
  • HI/LO: 11/7
  • Clouds: 48%
  • Wind: 1.83 m/s
  • Wind Direction: W
  • Pressure: 1024hPa
  • Humidity: 73%

Wed
10/23/2019
overcast clouds

  • overcast clouds
  • HI/LO: 13/9
  • Clouds: 100%
  • Wind: 5.05 m/s
  • Wind Direction: WSW
  • Pressure: 1016hPa
  • Humidity: 86%

Thu
10/24/2019
broken clouds

  • broken clouds
  • HI/LO: 10/7
  • Clouds: 77%
  • Wind: 2.12 m/s
  • Wind Direction: NW
  • Pressure: 1023hPa
  • Humidity: 75%

Fri
10/25/2019
overcast clouds

  • overcast clouds
  • HI/LO: 11/5
  • Clouds: 88%
  • Wind: 2.71 m/s
  • Wind Direction: SW
  • Pressure: 1024hPa
  • Humidity: 71%

Sat
10/26/2019
overcast clouds

  • overcast clouds
  • HI/LO: 11/6
  • Clouds: 100%
  • Wind: 5.14 m/s
  • Wind Direction: W
  • Pressure: 1018hPa
  • Humidity: 83%

Sun
10/27/2019
sky is clear

  • sky is clear
  • HI/LO: 12/5
  • Clouds: 0%
  • Wind: 5.76 m/s
  • Wind Direction: SW
  • Pressure: 1014hPa
  • Humidity: 70%

NEWS

    Сторонняя реклама



    Статьи
    Статьи В
    Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
    Яндекс.Метрика