The Federal Reserve Open Market Committee met yesterday and determined that because of the strong labor market and solid economic activity, the interest rate will remain the same.
The FOMC issued a statement, explaining, ”On a 12-month basis, overall inflation and inflation for items other than food and energy have declined and are running below 2%. On balance, market-based measures of inflation compensation have remained low in recent months, and survey-based measures of longer-term inflation expectations are little changed.
