US Federal Reserve likely to leave rates alone at a moment of uncertainty - News Summed Up

US Federal Reserve likely to leave rates alone at a moment of uncertainty


The Fed’s two-day meeting will end with a policy statement that will be studied for any signals of its outlook or intentions. Photo: ReutersWashington: The Federal Reserve is all but sure to leave interest rates alone when it ends a policy meeting Wednesday at a time of steady gains for the US economy but also heightened uncertainty surrounding the new Trump administration. The Fed will likely signal that it wants further time of monitor the progress of the economy and that it still envisions a gradual pace of rate increases ahead. It’s always possible that the central bank could surprise Fed watchers Wednesday by sending a signal that a rate hike is coming soon. When it raised rates last month, the Fed indicated that it expected to do so three more times in 2017.


Source: Mint January 31, 2017 16:18 UTC



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