Fed Leaves Low Rates Alone, Foresees No Moves In 2020

Dec 11, 2019

The Federal Reserve's decision to leave interest rates alone follows three rate cuts 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.

The Fed's benchmark rate influences many consumer and business loans. It will remain in a low range of 1.5% to 1.75%.

The Fed's 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.