India, May 7 -- The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged, highlighting increased uncertainty about the economic outlook.
In support of its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run, the Fed said it decided to leave the target for the federal funds rate at 4.25 to 4.50 percent for the third straight meeting.
The Fed noted swings in net exports have affected the data but said recent indicators suggest economic activity has continued to expand at a solid pace.
The central bank also said the unemployment rate has stabilized at a low level and labor market conditions remain solid while acknowledging inflation remains somewhat eleva...