A paper on the economic projections released indicated another hike might be coming before the end of the year.
The benchmark short-term rate remans at a 22-year high of 5.25% to 5.5%. This is only the second time since March 22 that the fed has not raised the rate.
Fed Chairman said economic activity has been stronger than expected which allowed the the fed proceed carefully about hikes.
–IANS
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