As Expected, the Fed Leaves Interest Rates Unchanged

June 15, 2016 6:40 PM

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As Expected, the Fed Leaves Interest Rates Unchanged

The Federal Reserve has yet to raise rates in 2016, but Chairwoman Janet Yellen said that a hike in the coming months is “not impossible.”

In a speech in Philadelphia last week, Federal Reserve Chairwoman Janet Yellen voiced concerns about the upcoming Brexit vote and the U.S.’s slow productivity growth. The FOMC statement echoed her sentiments that rates will rise gradually, but also stated that “the federal funds rate is likely to re...

Also read: ECB Extends but Scales Back Stimulus, Whipsawing Markets

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