No change in Fed rates

Los Angeles Times - - THE WEEK -

Fed­eral Re­serve pol­i­cy­mak­ers down­graded their view of the econ­omy, but in­di­cated that they are likely to raise a key in­ter­est rate in the com­ing months. The short-term fed­eral funds rate has been near zero since 2008 as part of the Fed’s ef­fort to pull the econ­omy out of re­ces­sion. Chair­woman Janet L. Yellen said an in­crease is likely “later this year.”

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.