The Fed's tentative steps towards a rate rise

As concerns linger over the US labour market and wage growth, the Federal Reserve remains cagey about the timing of raising rates.

The Federal Reserve moved one step closer to ending its asset purchasing program but it will be a ‘considerable time’ before it starts to raise rates. It will almost certainly be next year -- a view consistent with Fed forecasts -- but we’re still no clearer on when exactly it will happen.  


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