The Federal Reserve left short-term interest rates unchanged Wednesday, but suggested it remained on course to lift them before year’s end amid signs the economy is gaining momentum. Officials have penciled in one more move for 2017 if the economy stays on track. The Fed has one more meeting scheduled before the end of the year, on Dec. 12-13. The central bank has raised its benchmark federal-funds rate four times since late 2015, in quarter-percentage-point steps, to a current range between 1% and 1.25%.

Source: Wall Street Journal November 01, 2017 18:02 UTC