FXStreet (Córdoba) - The Federal Reserve decided to maintain the range of federal funds rate at 0-0.25% as widely anticipated. Regarding on whether it will be appropriate to raise the target range “at its next meeting”, the Fed reiterated its stance that it will continue to assess progress toward maximum employment and inflation targets. “The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term”, the statement said, echoing September’s words. At October meeting statement, the Fed said that the US economy has been expanding at moderate pace and removed comments regarding global developments potentially restraining economic activity and inflation. The Federal Reserve also acknowledged that the “pace of job gains slowed”. However, the bank noted that underutilization of labor resources has diminished since early this year. Regarding inflation, the FOMC said inflation has continued to run below the Fed target, partly reflecting declines in energy prices and in prices of non-energy imports. Lacker dissented as he preferred to raise the target range for the federal funds rate by 25 basis points at this meeting. For more information, read our latest forex news.