Fed holds rates near zero as presidential election results remain uncertain

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“Federal Reserve left interest rates alone and deferred making any major changes to policy, staying on the sidelines during an intense period of Washington drama as the winner of the U.S. presidential election has yet to be determined.

The Fed’s policymaking arm decided to keep its overnight lending rate pegged at its lowest levels ever, in a target range of 0-0.25 percent”.

Read the full Bankrate article here.