Fed keeps rate unchanged calls US growth 'moderate'

GMT 18:58 2015 Wednesday ,17 June

Arab Today, arab today Fed keeps rate unchanged calls US growth 'moderate'

The Federal Reserve left
Washington - Arab Today

The Federal Reserve left its benchmark interest rate unchanged at near zero Wednesday, while describing US economic growth as "moderate" after the winter slowdown.

But predictions made by the individual participants in the Fed's policy meeting indicated most expect the federal funds rate to rise above 0.5 percent by year-end.


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