Fed holds key interest rate steady

• Fed holds key interest rate steady, unchanged from previous levels.
• The Federal Open Market Committee (FOMC) decided to leave the policy rate unchanged.
• The Fed had previously lowered the policy rate by 75 basis points over the prior three meetings.
• The current stance of monetary policy is considered appropriate to achieve maximum employment and 2% inflation goals.

The Federal Reserve decided to hold its key interest rate steady after a series of cuts, citing an improved economic outlook. The current monetary policy stance is deemed appropriate to promote progress toward maximum employment and 2% inflation goals.