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US Federal Reserve Keeps Interest Rate at 0.5-0.75% Range

Sputnik International

The US Federal Reserve decided to the target range for the federal funds rate at 0.5-0.75 percent, the Federal Open Market Committee (FOMC) announced on... 01.02.2017, Sputnik International

2017-02-01T19:07+0000

2022-08-06T11:31+0000

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US Federal Reserve Keeps Interest Rate at 0.5-0.75% Range

19:07 GMT 01.02.2017 (Updated: 11:31 GMT 06.08.2022)

A view of the Federal Reserve - Sputnik International

The US Federal Reserve decided to the target range for the federal funds rate at 0.5-0.75 percent, the Federal Open Market Committee (FOMC) announced on Wednesday.

WASHINGTON (Sputnik) — The US interest rate will remain unchanged at 0.5-0.75 percent range, the Federal Open Market Committee (FOMC) announced in a press release.

"The Committee decided to maintain the target range for the federal funds rate at 1/2 to 3/4 percent," the release stated.