Fed expected to hold rates steady as Brexit vote clouds outlook

Federal Reserve Yellen participates in a roundtable discussion in PhiladelphiaThe Federal Reserve is expected to keep interest rates unchanged on Wednesday and signal if it still plans to raise rates twice in 2016 amid concerns about a U.S. hiring slowdown and Britain's possible exit from the European Union. The Fed raised its key overnight lending rate in December for the first time in nearly a decade, but it has backed away from further monetary policy tightening this year largely due to a global economic slowdown and financial market volatility. Fed Chair Janet Yellen will hold a news conference half an hour later.

Business News Headlines – Yahoo! News

Leave a Reply

Your email address will not be published. Required fields are marked *