New Delhi, Jan. 29 -- The US Federal Reserve, in its latest policy meeting held on January 27-28, decided to keep its key benchmark interest rates unchanged at 3.5 to 3.75 per cent, citing low job gains, signs of stabilisation in the labour market, and inflation that remains somewhat elevated.

In its policy statement released on January 28, the Federal Open Market Committee (FOMC) said, "In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 per cent."

The decision was largely in line with expectations. The FOMC voted 10-2 to leave the federal funds rate target range unchanged at 3.5-3.75 per cent. Governors Waller and Miran dissented from the decision, casting a dovish d...