USA-FED/YELLEN ARRIVAL Two-day Fed meetings end, laying groundwork for possible interest rate hike
Record ID:
861152
USA-FED/YELLEN ARRIVAL Two-day Fed meetings end, laying groundwork for possible interest rate hike
- Title: USA-FED/YELLEN ARRIVAL Two-day Fed meetings end, laying groundwork for possible interest rate hike
- Date: 17th December 2014
- Summary: WASHINGTON, D.C., UNITED STATES (DECEMBER 17, 2014) (REUTERS) EXTERIOR OF THE FEDERAL RESERVE BUILDING FEDERAL RESERVE CHAIR JANET YELLEN ARRIVING AT THE FEDERAL RESERVE EXTERIOR OF THE FEDERAL RESERVE
- Embargoed: 1st January 2015 12:00
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- Topics: General
- Reuters ID: LVA693MKPSVK7TGJJDXDE1QTJ6Y1
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- Story Text: A sturdy U.S. recovery is expected to trump global economic worries as the Federal Reserve concludes its last policy meeting of 2014 on Wednesday (December 17), with officials likely to signal they are still on track to raise interest rates next year.
Recent statements by Fed officials have kept the emphasis on upbeat U.S. economic signs, including strong job creation and an uptick in consumer spending. Economists expect the U.S. central bank, which has held overnight rates near zero since late 2008, to begin bumping benchmark borrowing costs higher around the middle of next year.
In a statement after its last meeting in October, the Fed largely looked beyond problems in Europe and Japan and expressed confidence the United States would continue to grow and generate jobs.
Wednesday's statement will provide an indication of whether the economic troubles plaguing Europe and Japan and the threat of a currency run in Russia are likely to delay the Fed's plan to raise rates. - Copyright Holder: REUTERS
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