Comment on Fed keeps key rates unchanged; foresees fewer hikes in 2016

Fed keeps key rates unchanged; foresees fewer hikes in 2016

WASHINGTON — The Federal Reserve is keeping a key interest rate unchanged in light of global pressures that risk slowing the U.S. economy. As a result, Fed officials expect to raise rates more gradually this year than they had envisioned in December. The officials now foresee two, rather than four, modest increases in their benchmark short-term rate during 2016. The Fed said Wednesday that the economy has continued to grow moderately but that the global economy and financial markets still pose risks.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News