US Federal Reserve keeps interest rate at 0.5-0.75% range

US Federal Reserve keeps interest rate at 0.5-0.75% range
  • Clock-gray 20:38
  • calendar-gray 01 February 2017

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, APA reports quoting sputniknews.

 

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.

Ceyhun Aliyev

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