Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
NEW YORK, June 18 (Xinhua) — The U.S. Federal Reserve on Wednesday left its target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, as robust economic growth bolsters the Fed’s wait-and-see approach.
The Fed decided not to change its base rate for the fourth time in a row.
“While fluctuations in net exports weigh on the data, recent data suggest that economic activity continues to expand at a strong pace,” the Fed said in a statement.
According to the regulator’s assessment, the US maintains a low unemployment rate, stability in the labor market, and slightly elevated inflation.
“Uncertainty about the economic outlook has diminished but remains high,” the statement said. –0–