While you were sleeping: Fed hits rate pause button

Wed, 15 Jun 2016

By Margreet Dietz June 16 (BusinessDesk) - The Federal Open Market Committee kept interest rates on hold, and signalled an even more gradual path for any future rate increases, bolstering bets on both equities and US Treasuries. Still gains were checked by global growth worries. “The pace of improvement in the labour market has slowed while growth in economic activity appears to have picked up,” the FOMC said in a statement at the end of its two-day policy meeting. The Fed predicts “only gradual increases” in its target interest rate....

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