Federal Reserve keeps interest rates unchanged while monitoring markets
by Guardian staff and agencies from on (#121XJ)
US stock markets fell again Wednesday as the central bank left rates unchanged but pledged to monitor developments in the global economy
US stock markets fell again on Wednesday as the Federal Reserve announced it would keep key interest rates unchanged while pledging to closely monitor developments in the global economy and financial markets.
In December the central bank made the decision to raise rates for the first time since the recession. Stock markets have been turbulent across the world since the move, and all the US markets entered negative territory again after the announcement.
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