The U.S. Federal Reserve (Fed) decided to keep interest rates unchanged on January 28th after its first policy meeting of the year.
Following a two-day policy meeting of the Federal Open Market Committee (FOMC), the Fed on January 28th decided to keep the benchmark interest rate at 3.5-3.75%. Ten members of the Board of Governors supported maintaining the rate, while two members opposed. The Fed's decision aligned with market expectations, Reuters reported.
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The U.S. Federal Reserve (Fed) decided to keep interest rates unchanged on January 28th after its first policy meeting of the year.
Following a two-day policy meeting of the Federal Open Market Committee (FOMC), the Fed on January 28th decided to keep the benchmark interest rate at 3.5-3.75%. Ten members of the Board of Governors supported maintaining the rate, while two members opposed. The Fed's decision aligned with market expectations, Reuters reported.