U.S. Federal Reserve leaves key rate unchanged

The U.S. Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration, CBC reports.

The Fed said in a statement ending its latest policy meeting Wednesday that the job market has continued to strengthen, inflation has climbed closer to its two per cent target and economic activity remains steady. But it signalled that it wants more time to monitor the economy and that it still envisions a gradual pace of rate increases. It offered no hints about when it will resume raising rates.