Fed stays put on rates, leaves door open to a further hike

(Sharecast News) - The Federal Reserve stood pat on interest rates, even as it left the door open to a further interest rate hike before the year was out. Both results were correctly anticipated by economists.

In their policy statement, policymakers highlighted that the banking system remained resilient and that they remained "highly attentive" to inflation risks.

Nevertheless, they conceded that the impact of tighter credit conditions for households and businesses and its impact on the economy, jobs and inflation was "uncertain".

Rate-setters also reiterated that monetary policy worked with lags that they were taking into account.

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