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The US Federal Reserve left interest rates unchanged amid uncertainty caused by the events in the Middle East. The Federal Open Market Committee voted 11-1 to leave the federal rates funds rate target range at 3.50-3.75%, as widely expected by market consensus. Governor Stephen Miran dissented, and…

The US Federal Reserve left interest rates unchanged amid uncertainty caused by the events in the Middle East. The Federal Open Market Committee voted 11-1 to leave the federal rates funds rate target range at 3.50-3.75%, as widely expected by market consensus. Governor Stephen Miran dissented, and put the case for a further quarter point reduction. In a statement, the Fed said economic activity has been expanding at a solid pace, but implications of developments in the Middle East for the US