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January 29, 2020

Federal Reserve Holds the Line on Interest Rates, Though Watching Coronavirus Impact

 

TheStreet
M. Corey Goldman

The Federal Reserve opted to leave benchmark interest rates unchanged, as expected, at the conclusion of its two-day meeting on Wednesday as officials continue to monitor for signs that last year's interest rate cuts are beginning to have an effect.

However, it is keeping a weary eye on developments overseas, particularly the spread of the coronavirus and its impact on global economic growth.

In a unanimous decision, the Fed's interest rate-setting policy committee, called the Federal Open Market Committee, opted to leave the benchmark fed funds rate unchanged in a range of between 1.5% and 1.75%. Read more.

 
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