At its last scheduled meeting of the year, the Federal Reserve Open Market Committee decided to keep the target range for its Fed funds interest rate unchanged at 1.5% - 1.75%. The Fed’s official post-meeting statement released on Wednesday afternoon contained only minor changes from its October statement underscoring its 'stay the course' stance.
Fed Says Three Rate Cuts Are Enough, Keeps Interest Rates Unchanged
No Additional Interest Rate Cuts Expected in 2020
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