Economics
Fed Considers December Rate Rise, Sees ‘Moderate’ Expansion
Fed: Economy Is Still Expanding, Rates Unchanged
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Federal Reserve policy makers said they will consider tightening policy at their next meeting in December, without making a commitment to act this year, as the economy continues to expand at a “moderate” pace.
Even with a slower pace of recent job gains, “labor market indicators, on balance, show that underutilization of labor resources has diminished since early this year,” the Federal Open Market Committee said in a statement Wednesday following a two-day meeting in Washington.