The Federal Reserve kept interest rates unchanged today, May 7, as widely expected, forthe third consecutive time. The US central bank slashed rates by 100 basis points in the last three meetings of the previous year.
In its statement, the Federal Open Market Committee (FOMC)said that the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. 
FOMCwill continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. FOMCis strongly committed to supporting maximum employment and returning inflation to its 2% objective.
The Federal Reserve kept interest rates unchanged today, May 7, as widely expected, forthe third consecutive time. The US central bank slashed rates by 100 basis points in the last three meetings of the previous year.
In its statement, the Federal Open Market Committee (FOMC)said that the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid.
FOMCwill continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. FOMCis strongly committed to supporting maximum employment and returning inflation to its 2% objective.
