Fed again vows to hold interest rates

In a unanimous vote the Federal Reserve's FOMC held US interest rates steady at its Tuesday 28 October meeting. The Fed cited the remote threat of deflation and said low rates will remain "for a considerable period." A report from Associated Press said the Fed was attempting to minimise the chance of its statement being misunderstood by keeping changes to its press release to a minimum.

Source: Associated Press

The Federal Reserve left the federal funds rate at a 45-year low yesterday and repea