The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006. The decision by the U.S. central bank’s Federal Open Market Committee (FOMC) is expected on Thursday at 2 p.m. (1800 GMT). U.S. economic data are flashing conflicting signals, with unemployment falling but inflation subdued, while slowing growth in China has led to a 40 percent fall in Shanghai stocks (.SSEC) in three months, leaving global markets on edge.
Published in TZ Latest News 16 September, 2015 by The TZ Newswire Staff
Fed begins two-day meeting, result seen too close to call
Published in TZ Latest News 16 September, 2015 by The TZ Newswire Staff
Fed begins two-day meeting, result seen too close to call
The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006. The decision by the U.S. central bank’s Federal Open Market Committee (FOMC) is expected on Thursday at 2 p.m. (1800 GMT). U.S. economic data are flashing conflicting signals, with unemployment falling but inflation subdued, while slowing growth in China has led to a 40 percent fall in Shanghai stocks (.SSEC) in three months, leaving global markets on edge.