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 ...

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 ...

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%.