Federal Reserve sees a declining risk of recession

WASHINGTON (AP) – The Federal Reserve’s policymaking committee saw much less risk of recession at their meeting last month.

The committee decided in December to keep interest rates steady after three straight cuts.

Minutes of the December meeting showed that Fed officials also supported keeping rates in a low range of 1.5% to 1.75% to cushion the U.S. economy from slow global growth and lingering trade tensions. Officials also worried that inflation still hadn’t reached its target of 2%.