Fed Sends New Signals About a Possible December Rate Increase
Source: The Wall Street Journal.
Fed Sends New Signals About a Possible December Rate Increase
FOMC says ‘case for an increase in the federal funds rate has continued to strengthen’
By Kate Davidson
kate.davidson@wsj.com
http://twitter.com/KateDavidson
Updated Nov. 2, 2016 2:21 p.m. ET
WASHINGTON—The Federal Reserve held short-term interest rates steady on Wednesday and sent new hints it expects to raise rates in December at its final scheduled meeting of 2016.
The Fed’s postmeeting policy statement pointed to signs that inflation is firming, an indication officials are prepared to raise rates in the weeks ahead. It also included a subtle suggestion that the bar to raising rates for the first time in a year is low, saying it only needed “some further evidence” of economic progress before moving.
Officials have left rates unchanged since December amid worries about a range of risks, including slow U.S. economic growth early in the year, weak jobs growth in May, the U.K.’s Brexit vote in June and uncertainties about the U.S. presidential election on Nov. 8.
Read more: http://www.wsj.com/articles/fed-sends-new-signals-about-a-possible-december-rate-increase-1478109738
= new reply since forum marked as read
