The
Fed left rates unchanged Wednesday, after hiking a quarter point in March, and added minor tweaks to its comments on inflation and the economy.
Bank of Canada Governor Mark
Carney left rates unchanged Tuesday but a press release did say slack in the economy and firmer underlying inflation could make existing levels of monetary stimulus unnecessary.
As expected, the Federal
Reserve left rates unchanged at their July meeting «in view of realized and expected labor market conditions and inflation» but did indicate that their next step would come «relatively soon» so long as economy expands at a moderate pace.
Fed left policy on hold The Federal Open Market Committee
left rates unchanged at their November meeting but hinted that a rate hike remains likely at its December meeting.
Markets have been on high alert since a close 5 — 3 vote at the June BOE meeting to
leave rates unchanged raised the specter of an interest rate hike sooner than the market had anticipated.
Furthermore, the Federal Open Market Committee, a board holding power over our current monetary policy, saw to a rise in interest rates last December,
yet left the rate unchanged the following month.
CNBC's Steve Liesman reports the Federal Reserve has
left rates unchanged and announces no concrete plans to begin the unwinding of its balance sheet.
On Wednesday, the Fed
left rates unchanged but said inflation has moved closer to its 2 - percent target.
Yet, the central bank is widely expected to
leave rates unchanged.
Yesterday, Bank of Canada (BoC) Governor, Stephen Poloz,
left rates unchanged.
Last weekâ $ ™ s news that the Fed will
leave rates unchanged for a â $ prolonged periodâ $ combined with the refusal by the G - 20 to discuss the weaker Dollar and the IMFâ $ ™ s statement calling the Dollar overpriced is helping to ignite the rally.Treasury markets are trading flat to higher after earlier weakness.
The Bank of Canada's decision to
leave rates unchanged for now may result in range - bound bond yields.
«Markets have been erring on the side of caution following a weak advance estimate for first quarter GDP and the [Federal Open Market Committee]'s broadly expected decision to
leave rates unchanged.»
In this week's economic review, reports featured strength in pending home sales, home prices, consumer confidence, and job growth, as well as the Fed's as - expected decision to
leave rates unchanged.
In this week's economic review, consumer confidence hits a 17 - year high, the Fed
leaves rates unchanged, and the unemployment rate fell to a new low.