Fed's interest rate pause bolstered by jobs data
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The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
From mortgage rates and auto loans to credit cards and savings accounts, here's a look at how the January Fed decision could affect your finances.
Feb 10 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday the U.S. central bank faces no urgency to change the setting of interest rates this year amid a “cautiously optimistic” outlook for economic activity.
The Fed and chair Jerome Powell are likely to hold interest rates steady as he faces a criminal investigation launched by President Donald Trump's close ally.