Federal Reserve Keeps Interest Rates Unchanged

In a press release following the Federal Reserve’s January 28^th meeting, the Committee reached a decision to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. Reasons cited include continued low job gains, somewhat elevated inflation, elevated uncertainty about the economic outlook, and some signs of unemployment rate stabilization. Two members voted against the decision, preferring to lower the target range by ¼ percentage point. 

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