The Federal Reserve held interest rates at record lows as concern about an increasingly brittle global economy overshadowed evidence of a resilient US recovery.
The US central bank maintained its 0 to 0.25 per cent target range for the federal funds rate, warning that recent developments in the global economy and markets may “restrain economic activity somewhat” as well as pushing down inflation in the near term.
The move comes despite calls from central banks in several emerging markets for the Fed to bring an end to the endless speculation about its first increase since before the financial crisis.
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