Fed likely to keep rates on hold and sketch a bright outlook

Jerome Powell, American former investment banker, who is the current Chair of the Federal Reserve, Photo Date: April 14, 2016 / Photo: Federal Reserve /Flickr / (MGN)
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WASHINGTON (AP) — With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week.

After the Fed's latest policy meeting, it's expected to signal a healthy outlook for the economy but to hold off on any further credit tightening, most likely until December. A rate hike in December would mark the fourth this year.

Further rate increases are expected in 2019, though just how many is a subject of speculation. On the eve of Congress' midterm elections, the U.S. economy remains vigorous even in its 10th year of expansion — the second-longest such stretch on record.



 
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