The US Federal Reserve has indicated an increase in interest rates remains on the cards before the end of the year, after once again leaving them unchanged at its latest meeting.
In a statement published following the meeting on 27-28 October, the bank referenced a decision it could make at its next meeting, which is scheduled for 15-16 December. "In determining whether it will be appropriate to raise the target range at its next meeting, the committee will assess progress - both realised and expected - towards its objectives of maximum employment and 2% inflation." In reaction, the US dollar rose sharply and yields on US government debt soared on expectations of higher rates in December. Speaking to Reuters, economists said the Fed was testing the water an...
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