(Reuters) - The decision by the central bank's Federal Open Market Committee keeps the overnight federal funds rate target at 5.25 percent, the level it hit in June last year after 17 straight quarter-percentage point increases.
In a statement outlining its decision, the U.S. central bank dropped a reference to core inflation as "elevated" that had been in its two prior rate announcements. Nonetheless, it expressed concern that an easing in the pace at which nonfood, nonenergy prices were rising could prove fleeting.
Read more at Reuters.com Bonds News
In a statement outlining its decision, the U.S. central bank dropped a reference to core inflation as "elevated" that had been in its two prior rate announcements. Nonetheless, it expressed concern that an easing in the pace at which nonfood, nonenergy prices were rising could prove fleeting.
Read more at Reuters.com Bonds News
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