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Federal Reserve Holds Rates Steady
The Federal Reserve, which last month raised its key lending rate to 0.25%-0.40%, opted on Wednesday to make no further change for now.
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The Federal Reserve, which last month raised its key lending rate to 0.25%-0.40%, opted on Wednesday to make no further change for now.
The central bank says the labor market improved late last year. It also notes that economic growth and U.S. exports slowed, and the prospects of a healthier rate of inflation haven’t improved.
Economic activity in the U.S. will “continue to strengthen,” the Fed says. But it cautions it is closely watching global financial and economic changes and assessing their impact on the U.S. and thus the balance of risks to its outlook.
Last month the Fed indicated it might slowly increase its lending rate in four small steps this year. But analysts say the bank’s wariness suggests it is less confident about that pace.
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