The US Federal Reserve left its benchmark interest rate alone and signalled that it expects to keep low rates unchanged through next year. The US Federal Reserve left its benchmark interest rate alone and signalled that it expects to keep low rates unchanged through next year. Its benchmark rate, which influences many consumer and business loans, will remain in a low range of 1.5% to 1.75%. Jerome Powell (Steven Senne?AP)In updated forecasts that the Fed issued Wednesday, no Fed officials pencilled in a rate cut in 2020. Chairman Jerome Powell has said that this year’s Fed rate cuts have helped lower mortgage rates and spurred growth in home purchases.

Source: Irish Independent December 11, 2019 19:41 UTC