Federal Reserve leaves rates unchanged

The Federal Reserve kept interest rates unchanged at its meeting on Tuesday. In a statement it retained the phrase "considerable period" in reference to its accommodative monetary policy. The FOMC also said the threat of deflation was receding.

Source: Federal Reserve

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 1 percent.

The Committee continues to believe that an accommodative stance of monetary policy, coupled with robust underlying growth

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