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Fed Leaves Interest Rates Alone in Yellen's Last Policy Meeting

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The US Federal Reserve left the federal funds rate alone during their latest meeting on monetary policy. According to the Fed, inflation is expected to rise this year, so an increase to interest was not necessary. But the Fed did state the economy is expected to expand throughout 2018, citing gains in employment, household spending and capital investment. Fed Chair Janet Yellen added that inflation on a 12-month basis is expected to hit a 2-percent target, as it increases and stabilizes during 2018. The meeting also marks Yellen's last meeting as the chairwoman of the Federal Reserve.

Added on the 01/02/2018 13:35:43 - Copyright : Wochit

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