Fed keeps rates steady, to start portfolio drawdown in October
That is one-quarter of a point above the current level. Financial markets were barely moved by the Fed decision and the new economic projections and based on the immediate market reaction it looked as if the Fed was right when it said that the portfolio runoff would be as exciting as "watching paint dry".
Sep 20, 2017, 23:49 PM IST
US Fed likely to hike interest rate on Wednesday
Market expectations of an interest rate hike by the US Federal Reserve later on Wednesday have heightened sharply following strong employment data released last week.
Mar 15, 2017, 18:56 PM IST
