Federal Reserve leaves its benchmark interest rate unchanged
Federal Reserve leaves its benchmark interest rate unchanged

The Federal Reserve is again leaving its benchmark interest rate at 4.25% to 4.5%, where it’s been since December.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article is mostly accurate. The key claim about the Federal Reserve leaving the interest rate unchanged at 4.25%-4.5% is supported by Verification Source #1. There is minimal bias, presenting the information in a straightforward manner.
Detailed Analysis:
- Claim:** The Federal Reserve is leaving its benchmark interest rate at 4.25% to 4.5%.
- Verification Source #1: Supports this claim, stating the rate remains in the 4.25%-4.50% range.
- Verification Source #2: Contradicts this claim, stating the rate was in a range of 1.25 percent to 1.5 in 2018.
- Verification Source #3: Fails to cover this specific claim, but discusses the Fed holding rates steady.
- Verification Source #4: Fails to cover this specific claim, but discusses the FOMC decision on interest rates.
- Verification Source #5: Fails to cover this specific claim, but discusses the Fed leaving interest rates unchanged.
- Claim:** The rate has been at this level since December.
- This claim is not directly verified by the provided sources. Internal knowledge suggests this is plausible given the context of the other sources, but without direct verification, it's a minor unverified claim.
Supporting Evidence/Contradictions:
- Verification Source #1: "a statement after a unanimous decision to keep the benchmark overnight interest rate in the current 4.25%-4.50% range." This supports the claim that the interest rate is in the 4.25%-4.50% range.
- Verification Source #2: "The Fed said after a two-day meeting of its policymaking committee that it was leaving its benchmark interest rate unchanged in a range of 1.25 percent to 1.5" This contradicts the claim that the interest rate is in the 4.25%-4.50% range, but this source is from 2018.
- The other sources do not directly support or contradict the specific interest rate range, but generally confirm the Fed's decision to hold rates steady.