US Federal Reserve keeps interest rate at 0.5-0.75% range

US Federal Reserve keeps interest rate at 0.5-0.75% range
# 01 February 2017 20:38 (UTC +04:00)

The US Federal Reserve decided to the target range for the federal funds rate at 0.5-0.75 percent, the Federal Open Market Committee (FOMC) announced on Wednesday, APA reports quoting sputniknews.

The US interest rate will remain unchanged at 0.5-0.75 percent range, the Federal Open Market Committee (FOMC) announced in a press release.

"The Committee decided to maintain the target range for the federal funds rate at 1/2 to 3/4 percent," the release stated.

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