Pantheon Macroeconomics - The Fed won't raise rates today, or substantively change the wording of the post-meeting statement. In September, the FOMC said that "The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives."

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2 November. 2016 No Action From the Fed Today

By Ian Shepherdson

The Fed won't raise rates today, or substantively change the wording of the post-meeting statement. In September, the FOMC said that "The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives."

Posted: 1st Nov 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 2 November. 2016 No Action From the Fed Today

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