Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Fed voices concern about global economic pressures

 


WASHINGTON — The Federal Reserve sounded a note of concern Wednesday about how global pressures could affect a slowing U.S. economy, while keeping a key interest rate unchanged.

Six weeks after it raised rates from record lows, the Fed took stock of a more perilous international picture that could alter its plans for further raising rates. Fed officials issued a statement after their latest policy meeting that suggested they might reduce the pace of future rate hikes if market losses and global weakness persist.

http://www.startribune.com/fed-keeps-key-interest-rate-unchanged/366733961/

 

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