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Mettis Global News
Mettis Global News
Mettis Global News

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Federal Reserve leaves key rate unchanged amid mixed economic signals

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Washington, May 1: The Federal Reserve decided Wednesday to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy.

While the central bank noted the continued “strong labor market” and “solid” gains in economic activity, it also highlighted a slowdown in investment by businesses and households and inflation falling below the Fed's target.

After raising the key lending rate four times last year, the Fed voted unanimously to keep it in a range of 2.25-2.5 percent.

 

(AFP/APP)

Posted on: 2019-05-02T00:35:00+05:00

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