Federal Reserve Hints at Sooner-Than-Expected Rate Rise as Economic Risks Recede

by Peter Spence, Economics Correspondent

US interest rates could rise again in the coming months, the Federal Reserve has signalled, as policymakers said that risks to the world’s largest economy had receded.

The Federal Open Market Committee (FOMC), which decides on US monetary policy, decided to keep rates unchanged at its July meeting, but stressed three times that hiring conditions had improved, and noted that the economy had “been expanding at a moderate rate”.

Policymakers also judged that “near-term risks” to the outlook had diminished.

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