Federal Reserve Holds Interest Rate at 1.25% – 1.5% Range
Washington | 31st January 2018
Federal Reserve releases FOMC (Federal Open Market Committee) statement increasing the Fed rate from the target range of 1% – 1.25% to 1.25% to 1.5% range.
” FED INCREASES INTEREST RATE RANGE TO 1.25% – 1.50% RANGE “
The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.
Official Press Release by Federal Reserve
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