Fed leaves rates on hold, preps for potential December lift

Original article by
The Age – Page: Online : 29-Oct-15

The Federal Reserve’s two-day policy meeting in late October 2015 has resulted in US interest rates being left unchanged. The central bank’s monetary policy statement noted that the US economy is expanding at a "moderate pace", while jobs growth has slowed. The statement omitted the previous month’s reference to the potential impact of global risks on the US economy. BlackRock’s Russ Koesterich says a rate cut remains possible in December.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, BLACKROCK INCORPORATED, FEDERAL RESERVE BANK OF RICHMOND, EUROPEAN CENTRAL BANK, REUTERS HOLDINGS PLC

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