FOMC MEETINGS CONCLUDE

This mid-day the Federal Reserve concluded this month’s Federal Open Market Committee meeting. Immediately after the end of today’s meeting, the Fed released a statement. There was no press conference held after the meeting. Nevertheless, Chairman Powell has said that next year each meeting will conclude with a press conference. The labour market has continued to strengthen .Economic activity has been increasing at a strong rate.

As anticipated, the statement which has been released confirmed that the Federal Reserve will hold rates of interest steady and said that ongoing strong job gains and family spending has kept U.S. Economics on the right track. Currently, the Fed has its benchmark target for interest rates at 2 percent to 2.25%.

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