While you were sleeping: Fed leaves rates steady

Wed, 27 Jan 2016

By Margreet Dietz Jan. 28 (BusinessDesk) - Wall Street was mixed, as disappointing earnings from Boeing and Apple offset a rally in oil prices, while the US Federal Reserve policy makers said they expect to lift interest rates at a “gradual” pace. “The Committee is closely monitoring global economic and financial developments and is assessing their implications for the labour market and inflation, and for the balance of risks to the outlook,” the Federal Open Market Committee said in a statement released after its first two-day policy me...

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