Alva Review-Courier -

Fed leaves its key rate unchanged but hints of future cuts

 


WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats.

The Fed kept its benchmark rate — which influences many consumer and business loans — in a range of 2.25% to 2.5%, where it's been since December.

It issued a statement saying that because "uncertainties" have increased, it would "act as appropriate to sustain the expansion." That language echoed a remark Chairman Jerome Powell made two weeks ago that analysts interprete...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019