Fed holds key interest rate steady, as expected

ForexNewsNow | Published on June 23, 2010 at 12:43 pm

forex analysis global forex fx trader ben bernankeNEW YORK (Forex News Now) – The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady, in the day’s spotlight FX news event.

In making the widely expected decision to hold its Federal Funds Rate at 0.25 percent, the central bank’s Federal Open Market Committee cited “developments abroad,” in an apparent reference to Europe’s debt crisis.

The sovereign debt crisis has shaken the euro zone and made forex trading particularly volatile in recent months.

In a statement, the committee added: “Financial conditions have become less supportive of economic growth.”



Sign up for our Newsletter

Top Forex Brokers

FCA Regulated
$100 Min. Deposit
Free Bonus
Old Broker
Own Trading Platform

Binary Options Video