Fed Stands Pat, but Says Case for Rate Increase Has Strengthened - News Summed Up

Fed Stands Pat, but Says Case for Rate Increase Has Strengthened


WASHINGTON—The Federal Reserve left short-term interest rates unchanged Wednesday after a meeting marked by internal divisions, but signaled it still expected to raise them before year-end. Its stance underscored the lack of urgency the U.S. central bank’s leadership feels about lifting rates when inflation is lingering below its 2% goal and the unemployment rate is holding steady at a low level just under 5%. It also showed...


Source: Wall Street Journal September 21, 2016 18:07 UTC



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