US Fed holds key rate steady, says March cut unlikely
The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting and said it was moving toward cuts -- but not just yet.
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The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting and said it was moving toward cuts -- but not just yet.
The US central bank took a major step towards lowering interest rates in coming months in a statement that tempered inflation concerns with other economic risks.
The Fed confirmed in a statement that it was holding its benchmark lending rate steady at its 23-year high, between 5.25 and 5.50 percent. | World News
The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting, while indicating it was moving toward future cuts -- but probably not before May
Just a year ago, inflation seemed to be slowing quickly and hopes grew that the Federal Reserve could soon throttle back its interest-rate hikes. Then the...