Fed raises benchmark US interest rates, leaves door open to another hike

As it stated in June, the Fed said it would watch incoming data and study the impact of its rate hikes on the economy "in determining the extent of additional policy firming that may be appropriate" to reach its 2 per cent inflation target.

Fed raises benchmark US interest rates, leaves door
Fed Chair Jerome Powell will shortly elaborate on the decision and policy statement, and perhaps provide more details on what may push the central bank toward another rate increase or away from one. | File photo: Reuters

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