No suprise from the the U.S. Federal Reserve.
It kept interest rates unchanged in its last meeting before the presidential election.
The Fed signaled, however, it could hike interest rates in December.
The U.S. central bank did say the economy continues to improve and job creation is solid. Plus, inflation has gone up a bit since earlier this year.
The big unknown: U.S. presidental elections.
In September, Fed Chair Janet Yellen said that an interest hike before year’s end was likely as long as U.S. employment and inflation continued to strengthen.
Since then, both, job gains and inflation have ticked higher. The economy also has gained momentum, growing at a 2.9 percent annual pace in the third quarter.
(c) Copyright Thomson Reuters 2016
