US FEDERAL RESERVE HOLDS INTEREST RATE

As expected, the Federal Reserve held interest rates steady this month – but experts say there could still be a rate hike in December.

The Federal Open Market Committee decided at its meeting to hold rates steady yet again, its hand stayed by lukewarm inflation and recent weak economic data. The decision to hold off on a rate increase came as no surprise to most observers; economists polled by Reuters ahead of the meeting thought a hike unlikely. However, most of those polled expected a rate increase at the Fed’s December meeting.

“The last thing the Fed wants is to disrupt financial markets with a big surprise,” Torsten Slok, chief international economist at Deutsche Bank

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