Saying that while "economic activity has continued to pick up and that the deterioration in the labor market is abating," there are still several reasons to be concerned, the Federal Reserve today announced it was keeping interest rates unchanged.
|The target federal funds rate, the one banks use when lending to each other, will remain at 0 to .25%.
|The Fed's Open Market Committee said in a statement explaining it decision that it "continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period."
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