In the Media | January 2016

The Fed Puts Rates on Ice

By Sheyna Steiner
Federal Reserve Blog, January 27, 2016. All Rights Reserved.

After raising interest rates in December for the first time since the financial crisis and Great Recession, the Federal Reserve has gone into a January freeze. The central bank on Wednesday announced no change in interest rates, meaning the target for the Fed's benchmark federal funds rate will remain between 0.25% and 0.50%, the range set last month.

For consumers, the outcome of this week's meeting means more of the same. Savers will continue to suffer low interest rates on savings while debtors continue to enjoy extremely low borrowing costs....

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