Fed Holds Key Rate at 3.50%-3.75%, Keeping U.S.-South Korea Gap at 1.25 Points

On Jan. 28 local time, the Federal Reserve held its benchmark interest rate at 3.50% to 3.75%.

The Fed said after its first regular Federal Open Market Committee meeting of the year that it decided to keep the rate unchanged.

The decision keeps the interest-rate gap between South Korea (2.50%) and the United States at 1.25 percentage points, based on the upper end of the U.S. range.

* This article has been translated by AI.

JEONG SE HEE ssss308@ajunews.com