WASHINGTON D.C., June 15, 2016 (Xinhua) -- U.S. Federal Reserve Chair Janet Yellen speaks during a press conference in Washington D.C., capital of the United States, June 15, 2016. The U.S. Federal Reserve on Wednesday kept its federal fund rate unchanged after concluding its two-day meeting. (Xinhua/Gao Pan)
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U.S. Fed keeps interest rates unchanged
WASHINGTON, June 15 (Xinhua) -- U.S. Federal Reserve on Wednesday keeps its federal fund rate unchanged after concluding its two-day meeting.
"The (Federal Open Market) Committee continues to closely monitor inflation indicators and global economic and financial developments" in its process to foster maximum employment and price stability, said the Fed in a statement on Wednesday.
The Fed raised its target range for the federal funds rate to 0.25 percent to 0.5 percent in December last year, the first rate hike in nearly a decade, marking the end of an era of extraordinary easing monetary policy. Full story
