Hike could come in December Thursday, September 22, 2016 Cheap credit continues as US Federal Reserve keeps interest rates lowWASHINGTON — The United States central bank, also known as the Federal Reserve, announced yesterday that it is keeping its key interest rate unchanged, but signalled that it will likely raise rates before year’s end. The move is significant for the future of the Argentine and global economy, as low interest rates help push stocks, bonds and other assets up while keeping borrowing costs low. Hike expected in DecemberMost analysts have said they think the Fed will next raise rates in December. In her news conference, Yellen offered a simple explanation for why the Fed didn’t raise rates: The economy can still grow without hurting itself. The Fed chair noted that historically low rates haven’t caused the economy to overheat as some analysts feared they would.

Source: Bueno Aires Herald September 22, 2016 05:38 UTC