(New York, NY) -- The Federal Reserve is keeping key interest rates at historic lows and tapering another $10 billion from economic stimulus measures.
The central bank is easing its monthly securities purchases to $45 billion. The federal funds rate remains at zero to a quarter percent.
The Fed remarked that it will continue to look at a range of factors to determine when to raise the funds rate, including labor market conditions and inflation pressure.
It also said that economic activity has picked up after a rough winter. Household spending is accelerating, but the unemployment rate is still elevated.