The Federal Reserve on Wednesday kept interest rates on hold, taking a wait-and-see approach as President Donald Trump and Congress negotiate on fiscal stimulus plans, says rttnews.

The decision to keep rates on hold was unanimous, and came as no surprise to experts.

Markets were hoping the Fed would offer clues about when the next interest rate would come, but policy makers gave no indication as to whether further tightening imminent.

The central bank said the economy "continued to expand at a moderate pace" and that job gains "remained solid." Houehold spending has continued to rise moderately and measures of consumer and business sentiment have improved of late.