US Fed holds key interest rate near zero

• Source: Global Times
• [08:24 November 05 2009]
• Comments

The Federal Reserve Wednesday decided to keep a key interest rate unchanged at a record low of between zero to 0.25 percent to prop up the economy.

Information received recently suggested that "economic activity has continued to pick up," the Fed said. But it also noted that " economic activity is likely to remain weak for a time."