Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
WASHINGTON, March 18 (Xinhua) — The U.S. Federal Reserve on Wednesday kept its target range for the federal funds rate at 3.5 percent to 3.75 percent, in line with market expectations.
"Available indicators suggest that economic activity is expanding at a robust pace. Employment growth remains subdued, and the unemployment rate has changed little in recent months. Inflation remains somewhat elevated," the Federal Open Market Committee (FOMC) said in a statement.
Nevertheless, "uncertainty about the economic outlook remains high," the FOMC noted. "The implications of events in the Middle East for the U.S. economy remain uncertain," the statement emphasized.
“In support of its objectives, the Committee decided to maintain the target range for the federal funds rate at 3.5% to 3.75%,” the Fed said, adding that it would “carefully evaluate incoming data, the changing outlook, and the balance of risks” when considering the size and timing of additional adjustments. –0–
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