US central bank has said that rates will stay at 0.25% to 0.5% for at least another month; most economics predict a hike will be announced in JuneThe Federal Reserve (Fed) set any further increase in US interest rates on hold on Wednesday, announcing rates will remain unchanged for at least another month.
The potential hike was postponed after fears of a slowdown in China and collapsing oil prices maintain rattled investors worldwide. Related: Fed: strong US job market may justify multiple interest rate increases this year Related: Janet Yellen hints further rate rises on hold amid plunging markets Related: Federal Reserve meeting minutes show uncertainty approximately global economy Continue reading...
Source: theguardian.com