US Fed holds interest rates, defies Trump tantrums

The US Federal Reserve on Wednesday decided to keep its base rates unchanged, as the US economy continues to remain stable and unemployment remains low, defying President Donald Trump’s calls for more cuts.

In a statement, the Federal Open Markets Committee said that the Board has decided to maintain its target range for the federal funds rate between 3.50 per cent and 3.75 per cent.

Recommended For You

Explainer: How Philippine President Marcos escaped impeachment and what happens next

'No disruption': Confident Group MD reassures UAE investors after CJ Roy's death

UAE to combine traditional Emirati medicine with healthcare, says health minister

Moon Baz on social media age ban policy debate

How a pencil helped Indian woman teach thousands of slum kids, win $1 million-prize

 

The central bank has lowered rates in each of its last three policy meetings as officials fretted about the cooling jobs market.

Written by

Somshankar Bandyopadhyay

• 

Somshankar Bandyopadhyay is a News Editor with close to three decades of experience. Currently, he manages the business section, ensuring that the top economic and business news of the day reaches its readers.