Interest Rate Hike Still Expected in December

Posted on 03/09/2017 10:20 AM
As expected, the Federal Open Market Committee decided to maintain the target range for the federal funds rate at 0.25% to 0.5%. Further, the FOMC says that the "case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its ...