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Added on the 18/03/2015 20:13:53 - Copyright : Reuters EN
The U.S. labor market continues to improve. Employers added 215,000 jobs in July which widens the door for a September interest rate hike by the Fed. Shartia Brantley reports.
"A decision on a pause was not made today," Fed Chair Jerome Powell says during a press conference when asked whether the US Federal Reserve has made the decision to pause rate hikes. SOUNDBITE
US Federal Reserve Chair Jerome Powell announces a 0.25 percentage point increase in interest rates, but signals that the battle to rein in inflation is not yet over. "We continue to anticipate that ongoing increases will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time," Powell tells reporters at a news conference. SOUNDBITE
Workers returning to the labor force in unexpected numbers and landing jobs could slow the Fed's timing in raising interest rates. Conway Gittens reports.
The U.S. economy's readiness - or not - for an interest rate rise is likely to once again take the global economic spotlight in the coming week, just a month before the U.S. presidential election. And many will also be watching the British pound - which took a pasting last week. Ciara Lee reports.
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