US Federal Reserve keeps benchmark interest rate unchanged
U.S. Federal Reserve chair Janet Yellen
Washington - Al Maghrib Today
The Federal Reserve kept its benchmark interest rate unchanged on Wednesday but gave no clear signal about the chances for another increase this year.
But the central bank did confirm that it plans to begin to reduce its massive bond holdings "relatively soon."
In the absence of any signs of inflation pressure, the policy-setting Federal Open Market Committee elected to hold off on raising the key lending rate, and repeated that it "is monitoring inflation developments closely."
Source: AFP
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