Fed Says Risks Have Diminished as It Leaves Main Rate Unchanged

July 27, 2016 6:02 PM

13 0

Fed Says Risks Have Diminished as It Leaves Main Rate Unchanged

The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting tighter, suggesting conditions are getting more favorable for an increase in borrowing costs.

“Near-term risks to the economic outlook have diminished,” the Federal Open Market Committee said in its statement Wednesday after a two-day meeting in Washington, before repeating language from June that the panel “continues to closely monitor” inflation and global developments. Job gains were “str...

Also read: U.S. Nonfarm Payrolls Rose 178,000 in November; Unemployment Rate Falls to 4.6%

Read more

To category page

Loading...