Fed expected to raise rates again

It was expected that the Federal Reserve would increase US interest rates again for the tenth consecutive time at the conclusion of its FOMC meeting on Tuesday 9 August.

Of keen interest to markets will be the post-meeting statement by Federal Reserve chairman Alan Greenspan.

Greenspan may deliver a stronger-worded assessment of the economy which will reinforce the message that the Fed is not going to be pausing from raising rates any time soon.

The Fed has raised interest rates nine times since

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