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Federal Reserve officials announced Thursday that the central bank will hold its interest rate target steady, setting up a potential rate hike in December.

“Federal Reserve officials announced Thursday that the central bank will hold its interest rate target steady, setting up a potential rate hike in December” reports washingtonexaminer.com. Chairman Jerome Powell and other Fed officials plan to gradually pare back crisis-era monetary stimulus as the economy improves.The recent economic indicators suggest that the economy may be stronger than Fed officials realized at their last meeting, in September.Investors expected the pause, and anticipate that the Fed will raise rates again in December to make it four hikes this year.
 
Source: washingtonexaminer.com



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