Fed expected to lift US interest rates

The Federal Reserve was expected to raise interest rates on Tuesday 10 August, for the second time this year despite weak US employment growth statistics.

Many experts predicted that Fed chairman Alan Greenspan and his FOMC colleagues would raise the federal funds target rate, which banks charge each other overnight, to 1.5 percent from 1.25.

The US central bank lifted rates from their four-decade low on 30 June amid signs that it had embarked on a policy of gradual increases.

Despite poor

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.