Federal Reserve Leaves Interest Rates Unchanged
Central bank policymakers provided little guidance on the timing of a rate hike. They said slow growth in the first quarter it is likely transitory and that inflation is close to a goal of 2 percent.
Federal Reserve officials left interest rates unchanged as they ended their policy-making meeting in Washington, D.C., today.
The Fed raised its benchmark rate by a quarter of a, to a range of 0.75 percent to 1 percent, where it remains. In their post-meeting statement today, the central bank policymakers provided little guidance on when their next rate hike might come.
