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Wednesday, October 28, 2015

Fed holds interest rate steady, but hints a hike could come in December - LA Times

Fed holds interest rate steady, but hints a hike could come in December - LA Times: Federal Reserve policymakers kept a key interest rate at a�historically low level Wednesday amid concerns that slowing global growth was hurting the U.S. economy, but they kept open the possibility of raising the rate in December.

In a 9-1 vote after a two-day meeting, the central bank's monetary policy committee left the so-called federal funds rate at near zero, where it has been since late 2008.