India, July 29 -- In a widely expected move, the Federal Reserve on Wednesday announced that it has once again decided to leave interest rates unchanged following its two-day monetary policy meeting.
The Fed said it decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, keeping rates unchanged for the fifth consecutive meeting.
The vote to leave rates unchanged was not unanimous, however, with Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan preferring to raise rates by a quarter point.
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