The Federal Reserve yesterday signalled that its concerns about global economic and financial hazards had eased since its meeting in March, leaving the door open to a second increase in interest rates later this year.
The central bank held rates at 0.25 per cent to 0.5 per cent yesterday, as expected, noting a slowdown in US economic growth and more sluggish household spending.
The Federal Open Market Committee struck out a reference in its last statement to international risks to the US economy due to an improvement in financial market sentiment and lessened concerns over Chinese policy.
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