Federal Reserve Leaves Rates Unchanged, Paves Way for December Hike
The Federal Reserve left benchmark interest rates unchanged on Wednesday, but paved the way for a hike in December.
The Federal Reserve left benchmark interest rates unchanged on Wednesday, but paved the way for a hike in December.
The Fed also unveiled a new term when referring to inflation: soft.
"Gasoline prices rose in the aftermath of the hurricanes, boosting overall inflation in September; however, inflation for items other than food and energy remained soft," the Fed statement said.
Danielle DiMartino Booth, author of Fed Up, warned that the bond market isn't on track with the Fed's expectations of three rate hikes in 2018.
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