US interest rates will remain unchanged until at least June, with all but one of the Federal Reserve members voting to keep rates at the current level of between 0.25 and 0.5 percent.

Global economic outlook has caused the Fed to slow down its rate hike programme after it raised rates for the first time in almost a decade in December. However, the Federal Reserve softened its warnings on the state of the economy in its meeting yesterday and left the door open for a rate hike in June:

“The Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will continue to strengthen”, the Fed said in a statement.

29/04/2016