Federal Reserve keeps interest rates unchanged

The Federal Open Market Committee decided to keep its target for the federal funds rate unchanged at 1-1/4 percent, 6 May.

Source: Federal Reserve

Recent readings on production and employment, though mostly reflecting decisions made before the conclusion of hostilities, have proven disappointing. However, the ebbing of geopolitical tensions has rolled back oil prices, bolstered consumer confidence, and strengthened debt and equity markets. These developments, along with the accommodative stance

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