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Fed announces interest rate decision

by imleme
fed

The U.S. Federal Reserve has announced its interest rate decision. The Fed, which did not change its policy rate in anticipation, kept the rate steady in the range of 0-0.25 percent.

The Fed left the federal funding rate unchanged at 0-0.25 percent, in line with expectations, following an April meeting of the Federal Open Market Committee (FOMC).

The Fed said its monthly asset purchase program, worth at least $120 billion, would continue. Economic activity and employment were strengthened, while the rise in inflation largely reflected temporary factors.

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