US Fed committee keeps close eye on global developments
FOMC notes mixed developments as it holds interest rate target
The US's Federal Open Market Committee (FOMC) is keeping a close eye on the international environment, noting it was "monitoring global economic and financial developments" as it kept policy on hold on January 27.
As widely expected, the FOMC maintained its target for the federal funds rate at 0.25–0.5%, a month after raising it by 25 basis points for the first time in nine years. The US dollar ticked down today (January 28), while the S&P 500 edged up at 4pm London time.
The changes in the FOMC
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