The Fed: Fed appears more willing to lift interest rates in September


Federal Reserve Chairwoman Janet Yellen

WASHINGTON (MarketWatch) — The Federal Reserve on Wednesday opened the door a bit to making an interest-rate increase at its next meeting in September.

“Near-term risks to the economic outlook have diminished,” the Fed said in its policy statement released after a two-day meeting.

That’s a stronger hint of possible move than most Fed watchers were expecting.

After a two-day meeting of its policy-making committee, as expected, the Fed kept its benchmark fed funds rate unchanged in a range between 0.25 and 0.5%.

The decision to hold rates steady was widely expected. The Fed was seen as willing to wait to see how markets evolve after U.K.

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