After signaling for a rate hike for months it is status quo as the Fed leaves short term interest rates unchanged once again. Officials still expect a rate hike during this calendar year, but expressed hesitation on that subject today due to global economic issues that would dampen domestic economic activity and near term inflation. This consternation has resulted in a reduced expectation for the volume of the rate hike to around 0.375% this year. For more information or assistance please contact James Dowling (James.Dowling@marcumllp.com), member of Marcum’s Financial Institutions Industry Group.
See attached article entitled “Fed Leaves Interest Rates Unchanged” written by Christopher Condon at Bloomberg Business for more details surrounding the Fed’s decision on short term interest rates: http://www.bloomberg.com