Fed holds rates at 2.0pc

According to the Fed, an increase in consumer confidence helped bolster the US economy. However tight credit conditions, the ongoing housing contraction, and the rise in energy prices were likely to weigh on the country’s economic growth over the next few quarters.

These factors attributed to the decision to leave rates on hold.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 26 June 2008