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Fed: No Rate Hike Today

Phil Hall
Mar 16, 2016
Federal Reserve Chairwoman Janet Yellen continued to stir speculation on another federal funds rate increase this year by suggesting the argument supporting this action has grown stronger

The Federal Reserve, citing a shaky global financial environment, has chosen not to raise interest rates.

The just-concluded monthly meeting of the central bank’s Federal Open Market Committee (FOMC) noted improvements in household spending and the housing sector as evidence of a stronger U.S. economy. But the committee also observed that “global economic and financial developments continue to pose risks,” adding that a continuation of the current rate level would support “further improvement in labor market conditions and a return to two percent inflation.”

The decision not to raise rates was near-unanimous, with only Kansas City Fed Chief Esther George advocating for a rate hike.

Data curated by Credio
Published
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