| | | | | | | | | | | | | |  | | Fed stays put at December meeting, expectations for rate hikes down | The Federal Reserve kept interest rates unchanged at its December meeting, with its target fed funds rate remaining in the 1.5% to 1.75% range.
In its Dec. 11 news release announcing the decision, the rate-setting Federal Open Market Committee noted that job gains have been solid and household spending has been rising, but business investments and exports remain weak. In addition, inflation has continued to remain below the Fed's targeted 2% rate
The FOMC decided that the current rate is appropriate in these circumstances and the Fed will "continue to monitor the implications of incoming information for the economic outlook, including global developments and muted inflation pressures, as it assesses the appropriate path of the target range for the federal funds rate."
All the members of the FOMC voted in favor of maintaining the current target interest rate. | | | | | | | | | |  | | | Where to find us:
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