Federal Reserve expected to leave key interest rate unchanged – The Washington Post

The Federal Reserve is expected to leave its influential interest rate unchanged after the central bank’s top officials wrap up their meeting in Washington today, following a rocky start to the year in the financial markets that is forcing them to reevaluate their plans.

The Fed raised its benchmark interest rate in December from near zero to a range of 0.25 to 0.50 percent — the first increase in nearly a decade. The move amounted to a vote of confidence in the nation’s economic recovery, and officials at the time indicated they anticipated hiking four more times this year.

Source: Federal Reserve expected to leave key interest rate unchanged – The Washington Post

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