US keeps benchmark rate unchanged at 3.5%–3.75% as of January, in line with market expectations

The Federal Open Market Committee (FOMC) of the US Federal Reserve (Fed) said in an official statement on the 28th (local time) that it would hold its benchmark interest rate steady. The decision was in line with market expectations.

As a result, the US benchmark rate was maintained at 3.50%–3.75%.