Mexican Media Brands
Fed Holds Rates Steady, Hints at Year-End Increase
The Federal Reserve opted on Wednesday to leave its prime lending rate unchanged at 0.25%-0.50%.
#economics
Share
The Federal Reserve opted on Wednesday to leave its prime lending rate unchanged at 0.25%-0.50%. The central bank says stronger economic activity and “solid” job gains are “roughly balanced” by near-term risks to future growth.
But if positive trends continue, the Fed appears apt to raise the rate slightly in December, even though inflation is likely to remain well below the Fed’s 2% target.
Fed Chair Janet Yellen says the decision not to raise rates quite yet shouldn’t be taken as a lack in confidence in the American economy. But she says the central bank wants to “wait for further evidence” of the economy’s “continued progress” before changing the lending rate.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.