WASHINGTON — The Federal Reserve is keeping interest rates unchanged in light of an uncertain job market, while offering no specifics about when its next rate hike might occur.
The Fed says in a statement after its latest policy meeting that the pace of job growth has slowed, even as the overall economy has picked up speed.
The Fed indicates it needs a clearer picture of economic developments before raising rates again. It notes that effects of a slowdown in exports have lessened.
The Fed raised its benchmark rate in December from record lows to a range of 0.25 percent to 0.50 percent. Some economists think a July hike is possible if the job market rebounds and markets remain calm after Britain’s vote next week on whether to leave the European Union.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.
-
New England Patriots
Patriots struggles continue despite switch at quarterback with 6-0 loss to Chargers
-
College
College football playoff: Texas, Alabama selected, Florida State snubbed
-
Uncategorized
Agriculture businesses across Maine poised for expansion with injection of federal grant funding
-
Uncategorized
Agriculture businesses across Maine poised for expansion with injection of federal grant funding
-
Business
Agriculture businesses across Maine poised for expansion with injection of federal grant funding