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' H', H, ,d >Last week, the resolution of the Federal Reserve’s monthly interest rate meeting was announced as scheduled. The Federal Reserve kept its target for the federal funds rate unchanged at ..% and said the case for raising interest rates continues to strengthen, suggesting that it may raise interest rates next month as economic momentum strengthens and inflation rises. This is the Fed's last monetary policy decision before the U.S. presidential election.
' H', H, , d The Federal Reserve's policymaking committee said that economic momentum has strengthened and employment growth remains solid. Federal Reserve policymakers also expressed a more optimistic view that inflation is heading towards its % target. The Fed said in a statement after its two-day policy meeting that the committee believed the case for raising the federal funds rate continued to strengthen, but decided not to take action for now, waiting for some signs that the economy continues to make further progress toward its goal.
' H', H, , d This shows that the Fed's threshold for raising interest rates at the last monetary policy meeting of the year in mid-month appears to be low. In its monthly meeting statement, the Fed dropped language that expected inflation to remain low in the short term and reiterated its view that inflation will rise toward its % target in the medium term. The Fed said inflation has picked up since earlier this year but remains below target.