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Fed keeps key rate unchanged while signaling future hikes

  • Writer: AIM Team
    AIM Team
  • Aug 2, 2018
  • 1 min read

The Federal Reserve left its benchmark interest rate unchanged.

In addition, it signaled further gradual rate hikes. The Fed’s widely expected decision kept the central bank’s key short-term rate at 1.75 percent to 2 percent.

The Fed projected in June four rate hikes this year, up from three in 2017. Private economists expect the next hike to occur at the September meeting with a fourth rate hike expected in December.

 
 
 

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