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December 11, 201920.18 The Federal Reserve left interest rates unchanged at between 1.50% and 1.75%. This was announced by the FOMC, the operational arm of the Fed, at the end of the last meeting of the year. The decision was widely expected. The current interest rate level is "appropriate" to support growth and the labor market, the Fed said. Rates are expected to stand still throughout 2020 by the majority of Fed members. growth for 2019 and 2% for 2020,