Fed meets, weighing tighter policy

WASHINGTON, D.C.: Encouraged by US job gains but nervous about global volatility, Federal Reserve policymakers opened a two-day meeting on Tuesday (Wednesday in Manila) that is expected to signal higher interest rates in the future without daring to act now.

With its brethren in the central banking world either holding steady, or, like the European Central Bank last week, cutting rates, the Fed is wary of the concerns over another rate hike after December’s.