December 12th, 2019

FOMC Statement: Fed Holds Steady On Its Interest Rate Range

FOMC Statement: Fed Holds Steady On Its Interest Rate Range

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The Federal Open Market Committee of the Federal Reserve announced its unanimous decision not to change to the current target federal funds range of 1.50 to 1.75 percent. The committee’s customary post-meeting statement said the decision not to change the Fed’s target range for federal funds was based on factors including a strong labor market, moderate economic growth, continued job growth, and low unemployment.