Fed May Increase Rate In Mid-September

Discussion in 'Fundamental Analysis' started by Lily, Aug 29, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    The Federal Reserve will give serious consideration to raising its benchmark interest rate in mid-September, particularly if volatility subsides in financial markets, a number of Fed officials said Friday.

    The comments, uncoordinated but generally consistent, suggested that some investors and analysts had been too quick to discount a September rate increase, particularly as global markets finished the week on a relatively quiet note on Friday.

    “We haven’t made a decision yet, and I don’t think we should,” Stanley Fischer, the Fed’s vice chairman and a close adviser to the Fed chairwoman, Janet L. Yellen, said in an interview with the cable network CNBC. “We’ve got time to wait and see the incoming data and see what exactly is going on now in the economy.”

    The Fed’s policy-making committee is scheduled to meet Sept. 16 and 17.

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