The Federal Reserve left interest rates unchanged today (September 17), citing financial developments abroad and weak inflation in the US, but 13 of the 17 governors and presidents still expect to hike this year.
Announcing the decision – which caused the dollar to dip against both sterling and euro – the Fed warned recent market volatility could restrain economic activity in the US and "put further downward pressure on inflation in the near term".
Nonetheless, Fed chair Janet Yellen insisted gl
- Bank of Mexico admits $15.2 million went missing in cyber heist
- Is this the beginning of a new era of credit risk management technology?
- Argentina rescue advances as emerging markets suffer outflows
- BoE research says digital currency would ‘strengthen’ policy transmission
- Artificial intelligence: The future of regulation?