Federal reserve does not raise rates
Fed leaves key interest rate unchanged
By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON - The Federal Reserve on Tuesday left a key interest rate unchanged, marking at least a temporary pause in what had been the longest unbroken stretch of Fed rate increases in recent history.
The Fed's rate-setting committee voted 9 to 1 to leave the federal funds rate, the interest banks charge on overnight loans, at 5.25 percent. It was the first time the Fed had met and not raised rates in more than two years.
Read the rest of the article here.
This is another good piece of news for the market.
By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON - The Federal Reserve on Tuesday left a key interest rate unchanged, marking at least a temporary pause in what had been the longest unbroken stretch of Fed rate increases in recent history.
The Fed's rate-setting committee voted 9 to 1 to leave the federal funds rate, the interest banks charge on overnight loans, at 5.25 percent. It was the first time the Fed had met and not raised rates in more than two years.
Read the rest of the article here.
This is another good piece of news for the market.
posted by Marc Rasmussen at
2:42 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home