The Fed is expected to end the meeting with a policy statement that leaves interest rates unchanged. It’s possible that the statement will include a signal that a rate hike is likely at the Fed’s next meeting in mid-December as many expect. The Fed’s years of record-low short-term rates were credited by many analysts with rejuvenating the economy after the Great Recession. When the Fed finally raised rates modestly in December last year, most economists and the central bank itself foresaw multiple rate increases in 2016. But economic weakness and market turmoil in China and Europe, and a slowdown in U.S. growth kept the Fed on the sidelines.

Source: thestar November 02, 2016 17:50 UTC