Fed leaves low rates alone and foresees no moves in 2020
WASHINGTON (AP) – The Fed’s decision to leave rates alone follows three rate cuts earlier 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.
Its benchmark rate influences many consumer and business loans.
It will remain in a low range of 1.5% to 1.75%. Its 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.
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