Federal Reserve holds rate at zero

THE US Federal Reserve is leaving interest rates unchanged, saying recent global developments may "restrain economic activity".

The US Federal Reserve is leaving interest rates unchanged at zero.

THE Federal Reserve has held its key interest rate at zero, citing worries about how the slowdown in China will hit the US economy.

FED Chair Janet Yellen said the economy continues to grow moderately and that a rate increase could still take place before the end of the year.