US Federal Reserve to Maintain Interest Rates at 0.25-0.5% Range

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US Federal Open Market Committee decided to maintain interest rates at the 0.25-0.5 percent level, according to official statement.

WASHINGTON (Sputnik) — US interest rates will remain unchanged at the 0.25-0.5 percent level, the Federal Reserve said in a press release on Wednesday.

"Against this backdrop, the [Federal Open Market] Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent," the release stated.

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