The decision to raise the key policy rate from 13.5% to 14.5% per annum was supported by seven out of the committee's 11 members at the January 22 meeting. Another three favored a hike to 14%, and one ...

After a two-day meeting of its monetary policy committee in Washington, the Fed announced it would hold its rate target at 4.25% to 4.50%.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to ...