Fed holds off on rate hike, opens door to December
November 1, 2017 | Jeff Cox | CNBC
- The central bank held its benchmark interest rate target between 1 percent and 1.25 percent and its statement maintained positive language on the current state of the economy.
- The Fed already has raised rates twice this year as part of a program for a slow but steady normalization of monetary policy.
- Despite the efforts to tighten policy, economic conditions have remained loose and the stock market continues to rally.
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