© 2024 Hawaiʻi Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Fed Leaves Low Rates Alone, Foresees No Moves In 2020

Steven Senne/AP
FILE - In this Nov. 25, 2019 photo, Federal Reserve Board Chair Jerome Powell addresses a round table discussion during a visit to Silver Lane Elementary School, in East Hartford, Conn.

The Federal Reserve's decision to leave interest rates alone follows three rate cuts this year.

It reflects its view that the U.S. economy has so far withstood the U.S.-China trade war and a global slump and remains generally healthy.

The Fed's benchmark rate influences many consumer and business loans. It will remain in a low range of 1.5% to 1.75%.

The Fed's latest policy statement dropped a phrase it had previously used that referred to “uncertainties” surrounding the economic outlook.

That suggests that the Fed may be less worried about the impact of the U.S.-China trade war or overseas developments.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.
Related Stories