The Federal Reserve held rates steady in their final decision of the year and decade. The Fed funds remain in a range between 1.5 percent and 1.75 percent. The central bank lowered its benchmark rate three times since July to try to cushion the U.S. economy against a slowdown in global growth.
Central bankers also signaled rates will remain unchanged through 2020, an election year.
Fed Chair Jay Powell will deliver his assessment of the U.S. economy at 2:30, taking questions from the press.
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