Fed move signals US rate hike in Dec – Tetangco

BY KEEPING the yield rate steady in the US during its policy meeting this week, the Federal Reserve has conveyed a clearer signal that a rate lift off is in the offing in the world’s largest economy come December.

The Bangko Sentral ng Pilipinas (BSP) said the latest Fed move was expected in light of the US presidential race and the need for the US central bank to take into consideration more economic date in making the decision later this year.