Mexican Media Brands
Fed Signals No Rate Increase
The Federal Reserve appears determined not to modify its zero-percent short-term interest rate anytime soon.
#economics
Share
The Federal Reserve appears determined not to modify its zero-percent short-term interest rate anytime soon.
Low interest rates have driven investors to seek profit in the stock market. Minutes of the central bank's September meeting reveal concern that imposing a schedule of rate hikes would instantly "tighten" financial conditions.
Instead, Fed Chair Janet Yellen has said any increase will come only when favorable measures of employment rates and economic growth justify them. Affirmation of that policy on Wednesday prompted a surge in stock indexes, including a 274-point gain in the Dow Jones Industrial Average.
The Fed cites the strengthening dollar and indications of weakening growth in foreign economies as additional justification for keeping interest rates low. Analysts predict the first rate increase by the central bank won't come until at least mid-2015.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.