In its first monetary policy decision of the New Year, the Federal Reserve left interest rates unchanged as widely expected on Wednesday and revealed it plans to maintain its asset purchase program at the current pace.
The Fed said it decided to keep the target range for the federal funds rate at zero to 0.25 percent and once again said it expects to leave rates at near-zero levels until labor market conditions reach levels consistent with maximum employment and inflation is on track to moderately exceed 2 percent.
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