The meeting on 16-17 September 2015 of the Fed’s monetary policy committee, the FOMC, had been awaited anxiously by markets. Ever since early 2014 the Fed has flagged the possibility of a rate hike by mid-2015, which would be the first hike in nine years and would come after almost seven years of zero official interest rates.
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Fed on hold – lift-off for the US rate-tightening cycle is delayed (again)
