While you were sleeping: Dovish Fed stands pat

Thu, 17 Sep 2015

By Margreet Dietz Sept. 18 (BusinessDesk) - US equities and Treasuries rose, while the greenback fell, after the US Federal Reserve kept its benchmark interest rate unchanged while flagging a potential hike as early as next month. Policy makers kept the benchmark federal funds rate at zero to 0.25 percent, with Richmond Fed President Jeffrey Lacker as the sole Federal Open Market Committee member who voted in favour lifting the target rate by 0.25 percentage point. “Recent global economic and financial developments may restrain economi...

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