Jan. 26 (UPI) -- The Federal Reserve on Wednesday left its benchmark lending rate unchanged near zero but warned an increase could be coming soon.
The Federal Open Market Committee completed its two-day meeting with a statement saying interest rates will remain at 0% to 0.25%, the same level since March 2020. The Fed's monetary policy arm dropped interest rates to near zero at that time as the economy plummeted at the beginning of the COVID-19 pandemic.