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Movement of the US Federal Reserve (The Fed) Interest Rates 2008-April 2017
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The U.S. Federal Reserve (The Fed) on Wednesday, May 3, kept its benchmark interest rate unchanged at one percent. This decision was made because the Fed is awaiting further data to assess the economic outlook for the United States.
The committee views the slowdown in growth during the first quarter of 2017 as likely temporary and expects that with gradual adjustments in monetary policy, the economy will grow moderately. The U.S. central bank still anticipates potentially raising its benchmark interest rate twice by the end of 2017. In March 2017, the Fed raised its benchmark interest rate by 25 basis points to one percent. This was the third rate hike since the U.S. was hit by the 2008 financial crisis.
The Fed's interest rate reached its highest level of 5.25 percent in 2007, but subsequently declined due to the crisis to its lowest level of 0.25 percent.
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