CoreComm Internet

Features

Make this your home page

Fed sees strengthening economy but stays 'patient' on rates

WASHINGTON (AP) The Federal Reserve's outlook for the U. S. economy is steadily brightening. Yet the Fed will be "patient" in raising interest rates from record lows. That was the dual message the central bank sent Wednesday in a statement it issued after its latest policy meeting. Why is no rate hike likely soon? The main reason, the Fed suggested in its statement, is that inflation remains well below the central bank's target rate. And it said the pressures holding down inflation mainly 2...

Read More
 

----------
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CoreComm is not responsible for content on external sites. Please review the privacy and security policies of each vendor before making online purchases or providing personal information. Forecast Information Provided by Weather Underground