Fed Keeps Interest Rates Steady Again

The Fed opted to remain firmly in neutral on Wednesday, keeping interest rates steady as officials continue to weigh the impact of higher oil prices and weak job creation. At the conclusion of a two-day policy meeting, the Federal Open Market Committee voted to keep its target for the federal-funds rate at 3.5% to 3.75% for the third consecutive meeting. The decision was widely expected: Ahead of the decision, the interest-rate futures market saw 100% odds that rates wouldn’t change.