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« The Fed Effect on the US Dollar | Main | Gold, Silver & PGMs Outlook for 2016-17 »
Wednesday
Oct282015

Federal Reserve keeps interest rates unchanged but hints at December rise 

Fed policymakers vote to leave rates near zero after two-day meeting but indicate rate hike is near by dropping warnings about economy’s fragility

The Federal Reserve on Wednesday kept interest rates unchanged at their record low of near-zero, but raised the likelihood of a rate hike in December by dropping previous warnings about the fragility of the global economy.

Following a two-day meeting in Washington, Fed policymakers voted to leave rates at 0-0.25% – where they have been for the seven years since the financial crisis.

However, the bank’s Federal Open Market Committee (FOMC), which sets the rate, significantly raised the prospect of a historic rate rise at its next meeting in December by removing cautious statements about unstable international markets could adversely effect the US economy.

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The Fed speak stings gold - where now?

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