The US Federal Reserve left interest rates unchanged Tuesday as it battles with the duelling concerns of inflation and sluggish growth in the United States, dpa reported.
The US central bank kept its benchmark federal funds rate at 2 per cent for the second straight meeting, warning that an ongoing financial crisis could further impact growth while high energy costs continued to spur inflation.
"Although downside risks to growth remain, the upside risks of inflation are also of significant concern," the Federal Open Market Committee said in a statement.