Fed decision to hold interest rates a 'close call'

Fed decision to hold interest rates a 'close call'
 

Minutes from last month's US Federal Reserve meeting show its decision to keep a key interest rate unchanged was a "close call".
Minutes of the 20-21 September meeting showed officials were closer to raising rates than at any time since last December.
They only held off because inflation was still running below their 2% target and there was no sign of rising wage pressure.
Rates were held between 0.25% and 0.5%.
"Several members judged that it would be appropriate to increase the target range for the federal funds rate relatively soon if economic developments unfolded about... read more

 
12 October 2016 in Business, Views: 46
Source: BBC
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