Fed keeps rates unchanged, September rate hike not ruled out

WASHINGTON (MarketWatch) – The Federal Reserve voted unanimously to keep a key U.S. interest rate unchanged, but top central bankers were more upbeat about the economy in a sign that a widely expected rate hike could still come in September. “The labor market continued to improve, with solid job gains and declining unemployment,” the Fed said in a statement after top officials met on Tuesday and Wednesday. Fed policymakers next meet on Sept. 16-17. A majority of economists predict the Fed will move then to raise the key fed funds rate, now hovering near zero, if U.S. growth remains on an upswing.

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From:: Stock Market News

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