mises.org / Paul-Martin Foss, Originally posted at the Carl Menger Center/ Sept 21, 2016
The Federal Open Market Committee (FOMC) decided yet again today to hold off on raising the target federal funds rate. Not much changed in the language of the FOMC statement, with the Fed believing that the labor market continues to strengthen and that economic activity is picking up. The FOMC continues to see economic activity expanding, the labor market strengthening, and thus a stronger case for an increase in the federal funds rate. Perhaps the only shocking part of today’s FOMC statement was that there were three dissensions from the decision.
The post FOMC, Not Surprisingly, Holds on Interest Rates Again appeared first on Silver For The People.