The US central bank has rejected the calls for a cut in the interest rates and left it unchanged at 2%.
According to analysts, a cut was expected after Lehman Brothers’ bankruptcy declaration.
Central banks all around the globe are facing double threat of a wider economic slowdown and quickening inflation.
The bank’s official said that: “the risks [...]

WASHINGTON: Tackled with the stresses at each turn enhancing redundancy, shattering development, credit problems and mounting inflation, the Federal Reserve left a vital interest rate fixation, carrying a risk that is the best ploy was no move by any means.
The next direction for rates possibly is expected to be inclined even till the next year [...]