Fed holds steady on rates, may continue to hold through 2020

The Federal Reserve held interest rates steady on Wednesday and messaged that it could continue to maintain rates where they are through 2020.

After cutting rates in three consecutive meetings this year, the Federal Open Market Committee elected to keep rates at the current target range between 1.5% and 1.75%.

“The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective,” the Fed’s statement said.

Liberal Soup N Crackers®

Article URL : https://finance.yahoo.com/news/fed-fomc-decision-december-2019-161144583.html