Comment on Federal Reserve: 'Risks Diminished'; Next Rate Hike In May 2017?

Federal Reserve: 'Risks Diminished'; Next Rate Hike In May 2017?

The Federal Reserve left interest rates unchanged Wednesday afternoon at the end of its two-day policy meeting. Policymakers said "near-term risks" to the economy have faded, but investors generally saw the central bank in no rush to raise rates. Key points from the FOMC policy statement: "Near-term risks to the economic outlook have diminished." "On balance, payrolls and other labor market indicators point to some increase in labor utilization in recent months." "Household spending has been growing strongly but business fixed investment has been soft." "Inflation is expected to remain low...

 

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