Wednesday June 25, 07:17 PM
Fed holds rate unchanged at 2.0 percent
WASHINGTON (AFP) - The Federal Reserve Wednesday left unchanged its federal funds rate at 2.0 percent, saying the risks of a sharp downturn have eased while inflation risks are higher.
"Although downside risks to growth remain, they appear to have diminished somewhat, and the upside risks to inflation and inflation expectations have increased," the Federal Open Market Committee said after a 9-1 vote.
"The Committee will continue to monitor economic and financial developments and will act as needed to promote sustainable economic growth and price stability."
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