Mexican Media Brands
Fed Stands Pat on Policy But Hints of Change
The Federal Reserve Bank has disappointed investors by leaving the key overnight bank lending rate unchanged in a range of zero to 0.25% and declining to take other actions to jump-start the flagging U.S. economy.
#economics
Share
The Federal Reserve Bank has disappointed investors by leaving the key overnight bank lending rate unchanged in a range of zero to 0.25% and declining to take other actions to jump-start the flagging U.S. economy.
But Fed-watchers believe the wording of the central bank's statement on Wednesday suggests a willingness to act soon, perhaps when its policymakers next meet in mid-September.
The Fed notes that economic activity decelerated during the first half of this year and predicts the job market will improve very slowly. The central bank also says it will "closely monitor" economic and financial developments and provide additional stimulus as needed.
The Fed's options including launching a huge securities-buying program to pump billions of dollars into the economy or extending the timeframe on its promise to keep interest rates ultra-low. The bank currently pledges that rates will remain extremely low at least through 2014.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
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.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.