WASHINGTON: The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday but gave no clear signal about the chances for another increase this year or about any concerns about low inflation.

But the central bank did confirm that it plans to begin to reduce its massive bond holdings “relatively soon.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details