Rates held steady by Fed but easing hints given

US - The Federal Reserve on Tuesday left its key short-term interest rate unchanged but signalled concern about turbulent financial markets and hinted at a possible future easing of monetary policy.

Although it kept its target for the federal funds rate - the main overnight lending rate between banks - at a 40-year low of 1.75 per cent, the Fed indicated it now shared growing fears that the recovery might peter out.

The central bank shifted its so-called "tilt" of policy, saying economic risks