Fed maintains rate at 5.25-5.5 pc for the 8th consecutive term

New Delhi [India], August 1 (ANI): The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the eighth time. In its statement, the Fed observed that job gains in the U.S. economy have moderated, while the unemployment rate has increased slightly but remains low.

"In support of its goals, the Committee decided to maintain the target range for the fede