the staff of the Ridgewood Blog
New York NY, the Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead.In a widely anticipated move, the central bank’s Federal Open Market Committee left unchanged its overnight borrowing rate in a range between 4.25%-4.5%.
Continue reading Fed Holds Rates Steady, Statement Suggests Less Confident View on Inflation