Fedral keeps key rate unchanged at 0-0.25%

GMT 18:38 2015 Wednesday ,28 October

Arab Today, arab today Fedral keeps key rate unchanged at 0-0.25%

Federal Reserve
Washington - Arab Today

The Federal Reserve kept its benchmark interest rate unchanged Wednesday but said the US economy is growing at a moderate pace on the back of "solid" consumer spending and business investment.

In a slightly more positive policy statement than in September, the Fed also dropped its reference to the slow global economy posing a threat to US activity.

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