The News Scroll 20 June 2019  Last Updated at 2:26 am | Source: IANS

US Federal Reserve leaves interest rates unchanged

US Federal Reserve leaves interest rates unchanged
outlookindia.com
1970-01-01T05:30:00+0530

Washington, June 20 The US Federal Reserve on Wednesday left interest rates unchanged as officials weighed mixed signals on the health of the US economy and the impact of trade tensions.

The Federal Open Market Committee, the Fed's policy-making committee, decided to maintain the target range for the federal funds rate at 2.25 per cent to 2.5 per cent, the Fed said in a statement after concluding a two-day policy meeting, Xinhua reported.

The central bank noted that the US labour market "remains strong" and economic activity "is rising at a moderate rate" since May, while indicators of business fixed investment "have been soft" and uncertainties about the economic outlook "have increased".

"In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labour market and inflation near its symmetric 2 per cent objective," the Fed said.

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pgh/


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