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US Fed keeps interest rates on hold

by ChemOrbis Editorial Team -
  • 28/04/2016 (15:26)
According to media reports, the US Federal Reserve (Fed) kept its interest rates unchanged for another month in April at 0.25% to 0.50%. The bank increased rates by 25 basis points in December 2015 for the first time in 7 years.

The bank reported that it is still waiting to reach its inflation target of 2% before implementing further monetary tightening despite improving conditions such as a strengthening labor market and improved household spending. The US unemployment rate fell below 5% in January.

The US Federal Reserve is expected to implement a total of two rate increases in 2016. The bank’s next meeting is scheduled for June.
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