Economy News

 

Fed Keeps Rates Low

Fed Keeps Rates Low

(New York, NY)  --  The Federal Reserve is keeping key interest rates at historic lows and tapering another $10 billion from economic stimulus measures.  

The central bank is easing its monthly securities purchases to $45 billion.  The federal funds rate remains at zero to a quarter percent.

The Fed remarked that it will continue to look at a range of factors to determine when to raise the funds rate, including labor market conditions and inflation pressure.  

It also said that economic activity has picked up after a rough winter.  Household spending is accelerating, but the unemployment rate is still elevated.

 

 

 

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