Statement by Federal Reserve after FOMC meeting

The Federal Reserve said in a statement released 28 October that its main reason for maintaining the federal funds rate at 1 percent was because "the risk of inflation becoming undesirably low remains the predominant concern for the foreseeable future".

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 underlyin