Economy

U.S. Federal Reserve Keeps Key Interest Rates Unchanged

U.S. Federal Reserve Keeps Key Interest Rates Unchanged

The U.S. Federal Reserve kept interest rates unchanged on Wednesday but indicated a significant possibility of lowering them in the coming months in its monetary policy statement, which eased concerns about inflation and other risks to the economy and dropped a long-standing reference to potential future increases in borrowing costs. The latest statement was unanimously approved, leaving the benchmark overnight lending rate in the range of 5.25-5.50 percent.

Our readers are reading too