The Federal Reserve put a conditional timestamp on its interest rate policy Tuesday – a different voice from the “extended period” mantra heard from the U.S. central bank for the past two-and-a-half years when it spoke of expectations for keeping its benchmark interest rate near zero. The Federal Reserve board again voted to hold the target range for the rate at which banks lend to one another at 0 to 0.25 percent, but this time they included an advisory notice that the rate would remain at this level for the next two years.
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