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Fed leaves rates alone and gives no hint of when it may hike

Source: neworleanscitybusiness.com/blog/2017/02/01/fed-leaves-rates-alone-and-gives-no-hint-of-when-it-may-hike/ - Feb 2, 2017

The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.

At the same time, the Fed pointed to improved sentiment among consumers and businesses. And it said it had become more confident that inflation will reach its 2 percent target. But the Fed offered no hints about when it will resume raising rates.

In a statement it issued Wednesday after its latest policy meeting, the Fed said it wants more time to monitor the economy and still envisions a gradual pace of rate increases.

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Category: General Business