Comment on Fed is set to leave rates alone but to hike later in year

Fed is set to leave rates alone but to hike later in year

WASHINGTON (AP) — The Federal Reserve is all but sure to leave interest rates unchanged this week, though steady economic growth and inflation pressures will likely keep the Fed on a path toward further rate hikes later this year. The central bank is meeting as its board is undergoing a makeover, with a raft of new appointees by President Donald Trump who appear generally supportive of the Fed's cautious approach to rates since the Great Recession ended. Despite Trump's complaints during the presidential race that the Fed was aiding Democrats in keeping rates ultra-low under President Barack Obama, his choices for a chairman and for other slots on the Fed's board have been moderates rather than hard-core conservatives who would favor a faster tightening of credit. The Fed does seem inclined to continue raising rates modestly this year to reflect a steadily improving economy and to keep inflation pressures under control.Read more on NewsOK.com

 

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