The Federal Reserve votedWednesday to keep a key U.S. interest rate at a record low rate of zero to 0.25%.
The move was the 18th straight time the Fed has kept the rate at that level; it first did so in December 2008.
The “economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions,” the Fed said.
The Fed last held the “target range” federal funds rate — the rate that banks charge each other — at the same level in December. Its vote this month was unanimous.
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