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US Federal Reserve holds interest rates

Saheli March 16, 2016 Business Comments Off on US Federal Reserve holds interest rates

Federal Reserve

The central bank said the labour market was strengthening, but it was still looking for inflation to reach its 2%. target.

The Fed indicated it expected the US economy to continue to “expand at a moderate pace”

Interest rates remain between 0.25% and 0.5% after being raised for the first time in nearly a decade in December.

Investors will now look to the Fed’s June meeting for the next potential rate rise.

[Source:- BBC News]

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