Alva Review-Courier -

Fed signals neither a rate hike nor a cut is likely soon

 


WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation.

The Fed left its benchmark rate — which influences many consumer and business loans — in a range of 2.25% to 2.5%. Its low-rate policy has helped boost stock prices and supported a steadily growing economy.

A statement from the Fed spotlighted its continuing failure so far to lift annual inflation to at least its 2% target rate. The Fed's preferred 12-month i...



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