January 20, 2018
Wednesday, September 16, 2015

Fed begins two-day meeting to decide on interest rate hike

Top officials at the US Federal Reserve today began a two-day policy meeting that is narrowly expected to end without an interest rate hike.

Policymakers are considering a rate increase to keep America's strengthening economy from overheating, a decision that could potentially roil financial markets around the world.

The meeting began at 1 p.m. EDT (1700 GMT), a Fed official said in an email. After Wednesday's meeting, the central bankers are due to reconvene Thursday morning and announce their decision at 2 p.m. EDT (1800 GMT).

Global banks and investment funds see the chances for a rate increase as essentially a toss up, although most experts see a slightly higher probability for standing pat.

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Tags:  Fed  meeting  minutes  Yellen  US  economy  rates  

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