The Fed kept the base rate in the range of 5.25-5.5% – Kommersant
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The US Federal Reserve kept its base rate in the range of 5.25-5.5%. The Federal Open Market Committee reported that maintaining the base rate is due to the desire to achieve maximum employment in the United States and inflation at 2%, reports press service Federal Reserve System.
“The latest indicators indicate that economic activity is developing at a strong pace. Job growth has slowed in recent months but remains strong, and the unemployment rate remains low. Inflation remains high,” the Fed said in a statement.
The news is being updated.
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