Fed holds interest rates for fourth time

People and businesses in the US have faced a whirlwind of policy change in recent months. But one thing has remained fixed: borrowing costs set by the US central bank.

The Federal Reserve stuck with that strategy on Wednesday, leaving its key interest rate unchanged, even as officials’ expectations for the economy worsened.

The decision marked the fourth in a row without action, keeping the bank’s influential lending rate hovering around 4.3%, where it has stood since December. – BBC