Fed announces interest rates will remain unchanged after talk of hike
by Jana Kasperkevic from on (#1787M)
US central bank has said that rates will stay at 0.25% to 0.5% for at least another month as most economics predict a hike will be announced in June
The Federal Reserve (Fed) put any further increase in US interest rates on hold on Wednesday, announcing rates will remain unchanged for at least another month.
The potential hike was postponed after fears of a slowdown in China and collapsing oil prices have rattled investors worldwide.
Related: Fed: strong US job market may justify multiple interest rate increases this year
Related: Janet Yellen hints further rate rises on hold amid plunging markets
Related: Federal Reserve meeting minutes show uncertainty about global economy
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