US Fed keeps benchmark rate unchanged

The U.S. Federal Reserve held key interest rates steady at 5.25 percent for a fourth straight meeting on Tuesday 12 December, while renewing a warning that risks from inflation remain.

The widely expected decision by the central bank's Federal Open Market Committee maintains the overnight federal funds rate target at the level it hit in June after 17 straight quarter-percentage point increases.

In a statement outlining its decision, the Fed said it continues to focus on inflation risks, holding