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 MoreThu, 29 Jan 2015
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