Economy

US Fed in Transition Doesn’t Rock the Boat

The U.S. Federal Reserve left its key policy rate range unchanged at 1.25 percent to 1.50 percent, as was widely expected on Jan. 31.
US Fed in Transition Doesn’t Rock the Boat
U.S. Federal Reserve Board Chair Janet Yellen in her final interest rate decision press conference in Washington, D.C., on Dec. 13, 2017. Brendan Smialkowski/AFP/Getty Images
Rahul Vaidyanath
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The U.S. Federal Reserve left its key policy rate range unchanged at 1.25 percent to 1.50 percent on Jan. 31, as was widely expected.
The January Fed meeting, the last one with Janet Yellen as chair, was expected to be uneventful; however, the market is nearly certain of a 0.25 percent rate hike for March’s meeting—Jerome Powell’s first as Fed chairman.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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