Federal Reserve Maintains Interest Rates Amid Economic Growth Slowdown

The Federal Reserve has decided to keep the interest rates at 5-1/4 to 5-1/2 percent. This is in pursuit of its dual mandate of achieving maximum employment and maintaining inflation at a 2 percent rate over the long term, the Fed Reserve said in a press release. 

The FOMC has said that economic activity in the United States has decelerated from its robust performance in the third quarter while inflation remains at elevated levels amid signs of slowing.

Job gains have continued even if at a moderated pace compared to earlier in the year, and the unemployment rate remains low, according to the press release. 

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