Fed holds rates steady, sees moderate growth
December 13 — The Federal Reserve on Tuesday made it three years of interest rates at near-zero levels as the central bank refrained from new action with recent signs of improvement in the economy.
The decision leaves the Fed’s key interest rate at an historic low range of 0% to 0.25%, and the central bank kept its guidance that it intends to keep rates near zero until mid-2013 given its expectations for the economy. Read more
