Home / China-US economic relations

    Global economy worries prompt Fed to hold rates steady

    (Agencies)

    Updated: 2015-09-18 07:40:15

    Global economy worries prompt Fed to hold rates steady

    Federal Reserve Chair Janet Yellen holds a news conference following the Federal Open Market Committee meeting in Washington, Sept 17, 2015. [Photo/Agencies]

    The US Federal Reserve kept interest rates unchanged on Thursday in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but left open the possibility of a modest policy tightening later this year.

    In what amounted to a tactical retreat, Fed Chair Janet Yellen said developments in a tightly linked global economy had in effect forced the US central bank's hand.

    "The outlook abroad appears to have become less certain," Yellen told a news conference after the Fed's policy-setting committee released a statement following a two-day meeting.

    She added that a recent fall in US stock prices and a rise in the value of the dollar already were tightening financial market conditions, which could slow US economic growth regardless of what the Fed does.

    "In light of the heightened uncertainty abroad ... the committee judged it appropriate to wait," Yellen said.

    The policy statement also nodded squarely to the global economy as a decisive variable within Yellen's "data-dependent" Fed, warning that recent developments abroad and in financial markets might restrain economic activity somewhat and likely put further downward pressure on inflation in the near term.

    But the Fed maintained its bias towards a rate hike sometime this year, while lowering its long-term outlook for the economy.

    Fresh economic projections showed 13 of 17 Fed policymakers foresee raising rates at least once in 2015, down from 15 at the last meeting in June.

    Traders in futures markets cut bets that the central bank would lift rates by December to around a 47 percent probability, from 64 percent before the release of the policy statement.

    "We're in the same situation we were in before, which is uncertainty about when are they going to move," said John Bonnell, a senior portfolio manager at USAA Investments in San Antonio, Texas.

    Four Fed policymakers now say rates should not be raised until at least 2016, compared to two who felt that way in June. The Fed has policy meetings in October and December.

    In deciding when to hike rates, the Fed repeated it wanted to see "some further improvement in the labor market," and be "reasonably confident" that inflation will increase.

    Previous Page 1 2 Next Page

     
    ...
    性无码专区无码片| 制服中文字幕一区二区| 国模GOGO无码人体啪啪| 午夜无码A级毛片免费视频| 暴力强奷在线播放无码| 亚洲色偷拍另类无码专区| 亚洲级αV无码毛片久久精品| 亚洲中文字幕无码久久精品1| 亚洲精品无码av人在线观看| 无码人妻熟妇AV又粗又大| 精品无码国产一区二区三区51安 | 免费无遮挡无码视频在线观看 | 精品国产v无码大片在线观看| 本免费AV无码专区一区| 91精品久久久久久无码 | AA区一区二区三无码精片| 精品无码一区二区三区爱欲| 精品欧洲AV无码一区二区男男| 无码人妻一区二区三区免费视频| 欧美精品中文字幕亚洲专区| 欧美日韩中文字幕久久久不卡| 最近2019中文字幕一页二页| 午夜无码伦费影视在线观看| 久久亚洲国产成人精品无码区| 无码中文人妻视频2019| 免费A级毛片无码无遮挡内射| 无码欧精品亚洲日韩一区| 中文字幕国产91| 人妻夜夜添夜夜无码AV| 日韩精品无码一区二区中文字幕| 久久中文字幕无码专区| 中文字幕无码一区二区免费| 国产亚洲精品a在线无码| 超碰97国产欧美中文| 中文午夜乱理片无码| 韩国三级中文字幕hd久久精品 | 精品久久久久久中文字幕| 中文字幕久久精品| 最近免费中文字幕大全免费版视频| 亚洲国产日韩欧美在线a乱码日本中文字幕高清 | 国产无码网页在线观看|