(Kitco News) – The Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) has decided to maintain the target range for the federal funds rate at 3.50% to 3.75%, as expected by the market consensus.“Available indicators suggest that economic activity has been expanding at a solid pace,” the Federal Reserve said in their statement. “Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated.”
