Finance
Fed explains why it held rates steady in February and March, watches rising healthcare and energy costs
The U.S. Federal Reserve disclosed why it kept the primary credit rate unchanged at 3.75 percent in February and March. Minutes showed no support for changing rates, and the Fed also maintained the federal funds target range at 3.5 to 3.75 percent and interest on reserves at 3.65 percent at a joint March meeting. Officials cited stable economic conditions, limited hiring gains and moderate wage growth, while noting rising non-labor costs in healthcare and energy.
