US Fed keeps interest rates unchanged, approves portfolio cuts in October.
Thursday, September 21, 2017 IST
The US Federal Reserve left interest rates unchanged on Wednesday but signalled it still expects one more increase by the end of the year despite recent weak inflation readings.
New economic projections released after the Fed’s two-day policy meeting showed 11 of 16 officials see the “appropriate” level for the federal funds rate, the central bank’s benchmark interest rate, to be in a range between 1.25% and 1.50% by the end of 2017.
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