Fed Nods to Improved Sentiment While Leaving Rates Unchanged
- Policy makers reiterated outlook for moderate economic growth
- Said measures of consumer and business sentiment improved
Federal Reserve Leaves Interest Rates Unchanged
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Federal Reserve officials left interest rates unchanged while acknowledging rising confidence among consumers and businesses following Donald Trump’s election victory.
“Measures of consumer and business sentiment have improved of late,” the Federal Open Market Committee said in its statement Wednesday following a two-day meeting in Washington. Policy makers reiterated their expectations for moderate economic growth, “some further strengthening” in the labor market and a return to 2 percent inflation.