Fed Hints at Upcoming Rate Hike

But leaves interest rates unchanged for now
By Newser Editors and Wire Services
Posted Nov 2, 2016 2:01 PM CDT
Fed Hints at Upcoming Rate Hike
A television monitor on the floor of the New York Stock Exchange shows the decision of the Federal Reserve, Wednesday, Nov. 2, 2016.   (AP Photo/Richard Drew)

The Federal Reserve is leaving interest rates unchanged just days before Americans choose a new president, but hints again that it will likely raise rates at an upcoming meeting, the AP reports. The Fed says that the case for rate hike has "continued to strengthen" but that the panel decided to wait "for the time being" for further evidence of progress toward its objectives. Analysts and financial markets anticipate a rate hike in December. The Fed had been expected to leave rates alone Wednesday, in part to avoid any perception of affecting next week's vote. The statement the Fed issued closely tracked its September statement, noting that the labor market has continued to strengthen and economic activity has picked up. (Read more Federal Reserve stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.