fed says waits for economic progress before rate hike
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Fed says waits for economic progress before rate hike

Arab Today, arab today

Arab Today, arab today Fed says waits for economic progress before rate hike

Washington economy
Washington - Arab Today

The US Federal Reserve said Wednesday the case for raising interest rates has strengthened with improving economic conditions, but monetary policymakers decided to wait for more progress before acting.

Coming just a few days before the bitterly-contested presidential election, the US central bank kept the key benchmark interest rate at the same level where it has been since December 2015, a move universally expected by analysts.

However, the Fed, while not explicit, left open the possibility of a rate hike soon. Two central bankers dissented on the vote, favoring an immediate increase.

 
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fed says waits for economic progress before rate hike fed says waits for economic progress before rate hike

 



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