Federal Reserve holds key U.S. interest rate at current levels

Federal Reserve holds key U.S. interest rate at current levels

WASHINGTON (MarketWatch) – The Federal Reserve on Thursday left a key U.S. interest rate unchanged, reiterating the “risks to the economic outlook appear roughly balanced.” The vote was 9-0. In a statement, the Fed said inflation remained “near 2%” amid strong job gains and consumer spending. The only change in the economy noted by the Fed was a moderation in business investment from “its rapid pace earlier in the year.” The central bank is still widely expected to raise interest rates again in December.

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