WASHINGTON (Sputnik) — In September, the US Federal Open Market Committee, a body that operates under the Federal Reserve, announced it would keep the interest rate unchanged at 0 to 0.25 percent range.
"To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate," the statement explained.
