Fed Leaves Interest Rates Unchanged WASHINGTON D.C. (Associated Press) -

The Federal Reserve says strains in financial markets have "increased significantly" but it kept a key interest
rate unchanged.

The central bank said Tuesday it was keeping its target for the federal funds rate, the interest that banks charge on overnight loans, unchanged at 2 percent.

In a statement, the Fed said "strains in financial markets have increased significantly and labor markets have weakened further." © Copyright 2009, Associated Press