The Federal Reserve left interest rates unchanged on Wednesday, noting “solid” growth and a stabilizing job market, as the central bank navigates a delicate economic and political moment.
The big picture: The central bank’s policy committee took a breather after three consecutive rate cuts in the final meetings of last year, showing greater confidence in the economy. But policymakers gave no hints as to when they may adjust borrowing costs again.
- The announcement of no rate move, at the conclusion of a two-day meeting of the Federal Open Market Committee, comes against the backdrop of a swirl of drama involving the central bank.
