While you were sleeping: Fed signals December hike

Wed, 21 Sep 2016

By Margreet Dietz Sept. 22 (BusinessDesk) - US stocks and longer-dated debt rose, while the greenback weakened, after the Federal Reserve kept its target interest rate unchanged but signalled a hike later this year. “The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives," the Federal Open Market Committee said in a statement. Three officials—Esther George, Loretta Mester, and Eric Rosengren...

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