The Fed keeps rates and claims that rising gas prices will be temporary
The U.S. Federal Reserve decided today to keep interest rates between 0 and 0.25%, and noted that the rise in gasoline prices will have effect only “temporary” on inflation.
In the statement released after the meeting of the Fed Open Market, which runs the U.S. monetary policy, the entity has been reported that the economy continues to “expand moderately”, and stressed the “improvements” in the labor market.
Category: Personal Finance
