June 12th, 2020

Fed’s Open Market Committee Holds Key Rate Steady

Fed’s Open Market Committee Holds Key Rate Steady

by

The Federal Reserve’s monetary policy committee decided against changing the Fed’s benchmark interest rate range of 0.00 to 0.25 percent. The Federal Open Market Committee said in its post-meeting statement that it is not considering raising rates until 2023. Two of 17 FOMC members felt that the Fed’s key rate may rise in 2022.