The Federal Reserve Open Market Committee (FOMC) has opted to keep its benchmark federal funds interest rate in the range of 1.50 to 1.75 percent. Although economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate, the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.
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Wednesday, May 2, 2018
Federal Reserve leaves interest rate unchanged in May meeting, suggests future increases will be slow
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