The Federal Reserve announced Wednesday it will aim to keep interest rates to a target between 0.25 and 0.5 percent through March. The Fed turned heads in December by finally hiking rates off the 0-to-0.25 percent floor; the first time they had risen in nearly a decade. Recent signals for the future of the economic recovery have been decidedly mixed, and the Fed admitted its long-term inflation target of two percent still appears to be a long way off. The statement continued the Fed's habit of a...
The Federal Reserve announced Wednesday it will aim to keep interest rates to a target between 0.25 and 0.5 percent through March. The Fed turned heads in December by finally hiking rates off the 0-to-0.25 percent floor; the first time they had risen in nearly a decade. Recent signals for the future of the economic recovery have been decidedly mixed, and the Fed admitted its long-term inflation target of two percent still appears to be a long way off. The statement continued the Fed's habit of a...
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