The Federal Reserve kept interest rates unchanged on Wednesday but signaled confidence in the U.S. economic outlook, leaving the door open to a hike in June.
The U.S. central bank’s policy-setting committee said the labor market had improved further despite a recent economic
slowdown and that it was keeping a close eye on inflation.
It added that global economic headwinds remained on its radar, but removed a specific reference from its last policy
statement to the risks they posed.
“The committee continues to closely monitor inflation indicators and global economic and financial developments,” the
Fed said in a statement following a two-day meeting.
It kept the target range for its overnight lending rate in a range of 0.25 percent to 0.50 percent. The Fed hiked rates in December for the first time in nearly a decade. Read more