18 Sep Fed Holds Steady
Posted at 08:01h
in perspectives
Voya Perspectives – Market Series – 17 September 2015
The Federal Reserve opted to leave its short-term interest rate target unchanged near zero following the September gathering of its policy- making Federal Open Market Committee (FOMC). Though the central bank cited moderate expansion in the domestic economy, it expressed concerns that “recent global economic and financial developments” may restrain economic activity somewhat and could put further downward pressure on inflation in the near term.