A divided Federal Reserve left interest rates unchanged on Wednesday.
“Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the recent increase in global energy prices,” the Fed said in a statement.
The central bank has maintained its benchmark interest rate target at a range of 3.5 percent to 3.75 percent since its last cut in December.
The Fed noted that the economy faces risks of higher inflation and slower growth due to the war with Iran. By law, the Fed’s…
Read the full article at BREITBART.COM
