Fed leaves interest rates unchanged, remains upbeat on economyThe Federal Reserve held interest rates steady on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten monetary policy this year. Fed policymakers are still awaiting clarity on the possible impact of Trump's economic policies. The Fed also highlighted that the unemployment rate, currently at 4.7 percent, was still hovering near its recent low. The Fed raised rates in December for only the second time in a decade and forecast three rate increases in 2017. There are seven more Fed policy meetings in 2017, with the next one scheduled for March 14-15.

Source: VietNamNet News February 01, 2017 23:37 UTC