Why did the Fed hold off on raising interest rates? Warsh says it’s because an ‘information rich’ period is coming.

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The Federal Reserve left interest rates unchanged on Wednesday, a decision that matched economists’ expectations. Federal Reserve Chairman Kevin Warsh said policymakers want more economic readings before determining when, or whether, to raise interest rates again at their December meeting. He described the period ahead as “information rich,” suggesting that officials are waiting for additional data before making their decision. Most Fed policymakers nevertheless appear to support a rate hike in December.

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Telemac
Telemachttp://cryptoinfo.ch
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