November 9, 2017
Fed holds off on rate hike, opens door to December
The Federal Reserve declined to raise interest rates at its policy meeting this week and said the late-summer hurricanes likely will not have much longer-term impact on overall economic activity.

Fed holds off on rate hike, opens door to December

November 1, 2017 | Jeff Cox | CNBC

Screen Shot 2017-11-09 at 12.55.53 PM

  • The central bank held its benchmark interest rate target between 1 percent and 1.25 percent and its statement maintained positive language on the current state of the economy.
  • The Fed already has raised rates twice this year as part of a program for a slow but steady normalization of monetary policy.
  • Despite the efforts to tighten policy, economic conditions have remained loose and the stock market continues to rally.

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