Federal Reserve Maintains Interest Rate at 1% – 1.25% Range
Washington | 1st November 2017
Federal Reserve releases FOMC (Federal Open Market Committee) statement maintaining Fed rate at the target range of 1% – 1.25%. Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee’s 2 percent objective over the medium term.
” FED MAINTAINs INTEREST RATE AT 1% – 1.25% RANGE “
The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
Official Press Release by Federal Reserve