Fed keeps federal funds rate target unchanged at 0-0.25%. It added, “with inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” The monthly pace of net asset purchases will continued to be reduced to “bring them to an end in March”. The decision was unanimous.
Press conference live stream below.
https://www.youtube.com/watch?v=TRkZ0P3ZnAM
