Federal Reserve Keeps Rates Unchanged , Signals Hike Ahead


Posted on: September 21st, 2016 by ABC News No Comments

iStock/Thinkstock(NEW YORK) — Federal Reserve policymakers decided Wednesday to keep short-term interest rates unchanged. The Committee says “the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.”

Analysts are reading that as a strong indicator a hike is coming soon, possibly as early as November, one week before the election.

Notably, three Fed members voted against leaving interest rates unchanged and in favor of hiking rates Wednesday.

Any rate hike will change borrowing costs for consumers in the months and years ahead.

Copyright © 2016, ABC Radio. All rights reserved.



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Federal Reserve Keeps Rates Unchanged , Signals Hike Ahead


Posted on: September 21st, 2016 by ABC News No Comments

iStock/Thinkstock(NEW YORK) — Federal Reserve policymakers decided Wednesday to keep short-term interest rates unchanged. The Committee says “the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.”

Analysts are reading that as a strong indicator a hike is coming soon, possibly as early as November, one week before the election.

Notably, three Fed members voted against leaving interest rates unchanged and in favor of hiking rates Wednesday.

Any rate hike will change borrowing costs for consumers in the months and years ahead.

Copyright © 2016, ABC Radio. All rights reserved.



Leave a Reply

You must be logged in to post a comment.