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Fed Leaves Interest Rate Unchanged
As expected, the U.S. Federal Reserve has decided to leave prime interest rates unchanged at 0.25%-0.5%.
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As expected, the U.S. Federal Reserve has decided to leave prime interest rates unchanged at 0.25%-0.5%.
The central bank says the labor market continues to improve, but it adds that economic activity appears to have slowed. Inflation remains below the Fed’s 2% target, largely because of low oil prices and weak export volume. Observers note the Fed appears less concerned about the impact of slower economic growth in China and among emerging markets.
The central bank signaled late last year that it might raise interest rates in four small steps in 2016. But many economists now predict the central bank will make only two adjustments this year. The bank’s next meeting is in June.
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