Fed Says Risks Have Diminished as It Leaves Main Rate Unchanged

From bloomberg.com

The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting tighter, suggesting conditions are getting more favorable for an increase in borrowing costs. Close all those tabs. Open this email. Get Bloomberg's daily newsletter. Enter your email Sign Up “Near-term risks to the economic outlook have diminished,” the Federal Open Market Committee said in its statement Wednesday after a two-day meeting in Washington, before repeating language from June that the panel “continues to closely monitor” inflation and global developments. Job ... (full story)