Market Overview

18 September 2015 15:25

Konstantin Meinhardt

The Fed released its interest rate decision yesterday. The Fed kept its monetary policy unchanged, saying that the slowdown in the global economy and low inflation expectations were main reasons for this decision. FOMC members voted 9-1 to keep interest rates unchanged. Only Richmond Fed President Jeffrey Lacker voted to raise interest rate by 0.25%. GDP for 2016 and 2017 were downgraded. The Fed said that it will start raising its interest rates if the U.S. economy will stay on track to reach "longer-run goals of maximum employment and inflation of 2 percent".
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