Fed Sticks to Patient Tack on Rates The Federal Reserve said it would be patient about raising short-term interest rates in the coming year as it weighs a mix of conflicting signals about the U.S. economy, and retained an assurance that a considerable time would pass before rates start going up. With the new interest-rate guidance the U.S. central bank is effectively sticking to a plan to start raising short-term interest rates in 2015, but it sought to soften the blow to the public by keeping a long-debated reference to the considerable time language.
Posted on: Thu, 18 Dec 2014 20:17:45 +0000
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