Fed holds rates steady
FOMC points to slowdown in pace of fixed investment
The Federal Reserve’s rate-setting body voted unanimously to leave its policy rate unchanged in its meeting on November 7 and 8.
The Federal Open Market Committee’s statement said that data since its last meeting in September suggests the US economy and job market continue to strengthen. The FOMC kept the US federal funds rate in its current band of 2–2.25%.
But the FOMC noted that the growth rate of business fixed investment had “moderated from its rapid pace earlier in the year”.
US
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