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Fed holds US rates, signals rise later in year

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The US Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten monetary policy by the end of this year as the labour market improved further.

Fed chair Janet Yellen, speaking after the central bank's latest policy statement, said US growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation.

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Reuters

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    Original URL: https://www.afr.com/news/economy/monetary-policy/fed-holds-us-rates-signals-rise-later-in-year-20160921-grlnkq