No Interest Rate Hike Today!

The Federal Reserve Board announced today that they will not raise interest rates at this time, as previously predicted.

The change in direction (to leave rates alone) was due to concerns with the economic growth and inflation.

“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term,” the statement said.

For more details, see here.

 

 

One response

  1. […] No Interest Rate Hike Today! […]

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