Bloomberg
The Federal Reserve has put its monetary-easing campaign on hold until further notice.
The Federal Open Market Committee opted to keep the target range for the federal funds rate between 4.25% and 4.5% during its meeting this week, ending its streak of cuts over the past three meetings.
The move, which had unanimous support from the FOMC's 12 voting members, was clearly signaled through speeches and public remarks in the weeks leading up to the meeting. Fed futures markets had largely priced in no change to the policy rate.
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