Fed leaves low rates alone and foresees no moves in 2020

0
45
CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate alone Wednesday and signaled that it expects to keep low rates unchanged through next year. The Fed's decision follows three rate cuts earlier this year. It reflects its view that the U.S. economy has so far withstood the U.S.-China trade war and a global slump and remains generally healthy. Its benchmark rate — which influences many consumer and business loans — will remain in a low range of 1.5% to 1.75% In a sign of the Fed's confidence about the economy, its latest policy statement dropped a phrase it had previously used that referred to "uncertainties" surrounding the economic outlook. That suggests that the Fed may be less worried about the impact of the U.S.-China
Subscribe or log in to read the rest of this content.