The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds “relatively soon” in a sign of confidence in the US economy. The US central bank kept its benchmark lending rate in a target range of 1 per cent to 1.25 per cent and said it was continuing the slow path of monetary tightening that has lifted rates by a percentage point since 2015. In a statement following a two-day policy meeting, the Fed’s rate-setting committee indicated the economy was growing moderately and job gains had been ...
Fed holds rates steady, expects portfolio cuts "relatively soon"
US central bank kept its benchmark lending rate in target range of 1-1.25%