The Fed’s Decision on Interest Rates

At their meeting over 20 – 21 September, the FOMC (Federal Open Market Committee) voted 7 – 3 to leave interest rates unchanged. It remains tentative whether the Fed will raise rates in December, which is the next targeted deadline. Yellen could have voted either way, but “in a close call, like several others, she leaned toward staying on hold for now”, said Perli at Cornerstone Macro.

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