Fed holds interest rates unchanged

Miami /
Sep.September 17, 2015 03:00 PM

From the New York website: The Federal Reserve announced Thursday that it would maintain interest rates near zero, as Fed officials continue to assess how the U.S. economy is being affected by a slowdown in global economic growth and tighter financial conditions.

“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term,” the Fed said in a statement.

“The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced but is monitoring developments abroad,” it added. The Fed provided no timeline for the first rate increase, though many Fed officials reportedly expect the central bank will take some action before the end of this year.

Any increase in rates could test momentum in the housing market, with low mortgage rates having helped home prices rebound in wake of the 2008 financial crisis.  Hiten Samtani

 
 
 

Related Articles

arrow_forward_ios
Daily Digest Miami
SoftBank to take control of WeWork, ULI recommends changes to city of Miami zoning code: Daily digest
SoftBank to take control of WeWork, ULI recommends changes to city of Miami zoning code: Daily digest
Daily Digest Miami
Target could be coming to North Beach, Related and Atlantic Pacific head to Miami board: Daily digest
Target could be coming to North Beach, Related and Atlantic Pacific head to Miami board: Daily digest
President Trump, Federal Reserve chairman Jay Powell, and the Federal Reserve (Credit: Getty Images and iStock)
Fed holds interest rates steady amid housing market slowdown
Fed holds interest rates steady amid housing market slowdown
More Americans are choosing not to tap into their home equity
More Americans are choosing not to tap into their home equity
More Americans are choosing not to tap into their home equity
Strong spring real estate season shaping up — but who’s got the advantage?
Strong spring real estate season shaping up — but who’s got the advantage?
Strong spring real estate season shaping up — but who’s got the advantage?
(Credit: Pixabay)
Mortgage interest rates dropped last week and may stay down for months
Mortgage interest rates dropped last week and may stay down for months
Fed Reserve holds rates steady amid weakening housing market
Fed Reserve holds rates steady amid weakening housing market
Fed Reserve holds rates steady amid weakening housing market
(Credit: Pixabay)
Americans’ net worth falls for the first time since the financial crisis amid stock selloff
Americans’ net worth falls for the first time since the financial crisis amid stock selloff
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...