Fed keeps interest rates steady, closely watching global markets

January 27, 2016 7:06 PM

22 0

Fed keeps interest rates steady, closely watching global markets

WASHINGTON The Federal Reserve kept interest rates unchanged on Wednesday and said it was "closely monitoring" global economic and financial developments, but maintained an otherwise upbeat view of the U.S. economy.

The central bank's decision was widely expected after a month-long plunge in U.S. and world equities raised concerns that an abrupt global slowdown could act as a drag on U.S. economic growth.

Also read: Europe must find way to grow even when rates rise: ECB's Coeure

Read more

To category page

Loading...