Fed Holds Interest Rates, No Hike, as Expected - The Michigan Star

The Federal Reserve on Wednesday kept its benchmark interest rates, as expected. The Fed held the rate amid a growing economy and labor market and inflation that remains about the central bank’s target. But additional increases also raise concerns about throwing the U.S. economy into a recession. The Fed’s rate-setting group unanimously agreed to hold the key federal funds rate in a target range between 5.25%-5.5%, where it has been since July, according to CNBC.com. This was the second consecutive meeting that the Federal Open Market Committee chose to hold,...