The Fed indicated it could finally raise interest rates in December, after keeping them steady in October. Bobbi Rebell reports.
Mark this on your calendars. The Fed has left interest rates unchanged in October but it's I think that's. About the next meeting near the end of the year. It's gaming including float in determining whether it will be appropriate to raise the target range at its next meeting. The committee will assessed progress both realized and expected. Toward its objectives of maximum employment and 2% inflation. Feel her reference to December caught investors by surprise. Also near the Central Bank cannot play troubles an overseas economies even heard central banks in Europe Japan and China have been easing policy. Wells Fargo isn't equal time in mid September if. Bateman as you may recall. They said that overall global development would restrain economic growth and put downward pressure on inflation. They did away with a lot of that in this statement and made global development. Just a fact. There which is important while most fed policy makers have said they want to raise rates this year. Some have been more hesitant pointing to the weakening global economy and the damage that PP TUS economic growth.