The US central bank has decided to not take further action to rejuvenate the country's economy for now - but hinted it may do more later if needed. The Federal Reserve kept interest rates steady and made no change to monetary policy after its one-day meeting. But it expressed greater concern than previously about the sluggish pace of economic growth and low inflation. The economy - with unemployment close to 10% - is set to dominate November's mid-term elections. The US recession ended in June 2009, but recovery has lost momentum this year with growth at an annualised rate of 1.6% in the second three months of 2010.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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